Solana might react Bullish from here

What's in this article

Solana is tumbling below the support level of $147 making lower lows as a reaction to the bearish market trend.

Solana price today is $142.56 USD with a 24-hour trading volume of $1,310,167,580 USD. Solana is down 5.03% in the last 24 hours, with a market cap of $44,786,434,886 USD. It has a circulating supply of 314,152,749 SOL coins.   

Source: Tradingview

Solana: Analysis

With this continued pattern of making lower lows, Solana is also forming lower highs, each 15% lower from the previous one. If this trend is followed, to form the new lower high Solana might rise to $171, fib 0.786. Though the bearish trend will continue on a larger time frame, this move will be quite bullish on hourly time frames and lowers. Solana has support at $117 and the resistance is at the falling trend line – $117.

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


The Role of Bitcoin in the Rise of Digital Art is so Important

What's in this article1 A Versatile Industry2 Art Created and Sold Online3 A Brand New …

Leave a Reply

Your email address will not be published. Required fields are marked *