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.
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