Solana is a strong project fundamentally and investors love it for that but traders need to look at the technical aspect which also now indicates that Solana might make big bullish moves.
Solana price today is $174.52 USD with a 24-hour trading volume of $1,026,378,919 USD. Solana is down 0.89% in the last 24 hours, with a market cap of $53,976,340,475 USD. It has a circulating supply of 309,284,202 SOL coins.
Solana remains Bullish: Analysis
This trend of higher highs and lower lows started back in September last year. On calculation, it is revealed that Solana makes new higher high almost 20% above the previous price level. The high of September 14 peaked at $216 and the next high was formed on November 06 at $260. Similarly, it should form next high above $300, following the pattern. Solana has major support at $111, fib 0.618, and resistance at $260, the previous high.