Solana is dropping inside a Bearish channel making lower lows and the trend has not stopped yet. Solana was Bullish yesterday then how did the trend change altogether?
The Solana price today is $195.31 USD with a 24-hour trading volume of $2,443,806,446 USD. Solana is down 1.69% in the last 24 hours, with a market cap of $60,026,845,335 USD. It has a circulating supply of 307,348,200 SOL coins.
Solana fake-out: Analysis
Solana is bearish since November 06, 2021, from $260 including the December 4, dump. The price is in a continuous decline in a parallel channel. The trend was broken above Bullish on December 1st but unfortunately, the Bitcoin dump dragged the price down the level where it started. Breaking above this trend is very critical for Solana to go Bullish.