Solana rose like the whole cryptocurrency market and tested the descending trend line but seems like Solana Reversal time has arrived.
Solana price today is $175.29 USD with a 24-hour trading volume of $2,672,596,137 USD. Solana is down 6.55% in the last 24 hours, with a market cap of $53,975,669,760 USD. It has a circulating supply of 307,924,905 SOL coins.
Solana reversal: Analysis
Just above EMA 100, at the trend line, Solana peaked at $188 yesterday. As the trend line of lower lows acts as resistance here, Solana might drop this time to the price level of $165 first. If the bearish wave is strong enough Solana might test the lower side of this falling channel. If somehow, Solana rises above the channel, there is strong resistance at $204. This weekend will make the direction even clearer.