Solana might turn extremely bullish after this point

What's in this article

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. 

Source: Tradingview

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.

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


EU MPs Attack Amazon’s Participation in Digital Euro Project

A cross-party coalition of members of the European Parliament on Tuesday came under fire at …

Leave a Reply

Your email address will not be published.