Solana might pullback from this level

What's in this article

Solana is sitting on the support zone of $130, the bottom of September 28. If Bitcoin stays at the price level it is now or turns a little green, this will be the golden opportunity for Solana to rise.   

Solana price today is $136.34 USD with a 24-hour trading volume of $1,813,269,031 USD. Solana is up 3.59% in the last 24 hours, with a market cap of $42,471,695,119 USD. It has a circulating supply of 311,507,449 SOL coins.   

Source: Tradingview

Solana: Analysis

Solana might take advantage of the support it tested yesterday and rise to $161, fib 0.236 as a pullback. Even if the pullback happens the bullish rally will not be enough to break the previous high of January 02 at $180, that’s strong resistance. If Solana doesn’t get the chance of pullback, it might nose-dive down to the major support level at $80, the peak of August 26.

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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