Solana Should respect the support of $150

What's in this article

Solana Should respect the support of $150 to remain bullish in the higher timeframe as the daily chart suggests.

Solana price today is $169.78 USD with a 24-hour trading volume of $1,681,939,478 USD. Solana is down 8.51% in the last 24 hours, with a live market cap of $52,310,341,771 USD. It has a circulating supply of 308,113,330 SOL coins.

Source: Tradingview

Solana: Analysis

Currently, EMA 100 is holding the price of Solana upwards and it is rising by making higher lows on a daily time frame. A small reversal is very likely to happen here to the below trend line of higher lows and even to the support near $150 and EMA 200. The support level is very critical for Solana to remain Bullish otherwise the trend of lower highs might takeover to benefit bears. We have major resistance at $215.

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.

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