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: 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.