Solana might turn extremely bullish after above $186 and there is a reason for this claim.
Solana price today is $171.82 USD with a 24-hour trading volume of $1,588,488,816 USD. Solana is down 1.68% in the last 24 hours, with a market cap of $53,142,414,636 USD. It has a circulating supply of 309,283,727 SOL coins.
If we look at Solana’s daily chart, it seems obvious that Solana gains bullish momentum whenever it breaks above EMA Cross 200. Currently, the same level is acting as a resistance for Solana near $186. Solana is resting at the support level of $167, fib 0.382. There is news circulating about another DDoS attack (drops the transaction speed) on Solana so it is likely to stay bearish for now.