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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.
Solana: Analysis
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.
