Solana breaks the important resistance

What's in this article

Solana successfully broke the important resistance level of previous highs $189, fib 0.786, and moves up to $193.

Solana price today is $192.68 USD with a 24-hour trading volume of $2,499,834,595 USD. Solana is up 6.98% in the last 24 hours, with a market cap of $59,481,991,919 USD. It has a circulating supply of 308,704,376 SOL coins.

Source: Tradingview

Solana: Analysis 

The prediction lines are from yesterday which indicates an uptrend with small corrections or pullbacks. Solana after hitting $193, is under that small correctio. Once Solana rises above the previous high again, it should be strongly bullish. This bullish trend can be stopped at $200, 1.272 as there will be more sell orders waiting there.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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