Solana: the fall might continue below our target

What's in this article

Solana perfectly hits our target of $122, mentioned yesterday. As the whole market bleeds, the fall might continue below our target.

Solana price today is $123.69 USD with a 24-hour trading volume of $2,465,407,311 USD. Solana is down 9.97% in the last 24 hours, with a market cap of $38,904,262,512 USD. It has a circulating supply of 314,520,266 SOL coins.   

Source: Tradingview

Solana: Analysis

Keeping the support level of $130 was hard to maintain because of the huge price rally downwards. The next target for Solana is at $112, fib 1.618 which also acts as a support. However, Solana might rise again to the accumulation zone again. If did, it can delay the bearish moves. Solana has local resistance at $130, fib 1.272

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.

Check Also


EU MPs Attack Amazon’s Participation in Digital Euro Project

A cross-party coalition of members of the European Parliament on Tuesday came under fire at …

Leave a Reply

Your email address will not be published.