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Solana is bleeding

Solana is bleeding: What is next

Solana is bleeding after dropping more than 35% in just the last 11 days. The actual concern is the bearish trend is not over yet.

The Solana price today is $155.30 USD with a 24-hour trading volume of $2,728,946,974 USD. Solana is down 7.04% in the last 24 hours, with a market cap of $47,798,550,046 USD. It has a circulating supply of 307,781,624 SOL coins.

Solana is bleeding
Source: Tradingview

Solana is bleeding: Analysis

Yesterday Solana broke the support level of fib 0.786, just a predicted in our last analysis. The next support level for Solana is at fib 1.272 near $104, the price level of October 12. However, if Bitcoin takes a reversal from the current decline, Solana might regain the local resistance level of 0.786. After ranging for some time in this area it might rise again to the upper trend line.

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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