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What's in this article
The cryptocurrency market seems to be frozen as the volatility is fading out every day. Meanwhile, Solana is slowly drifting below the local support.
Solana price today is $167.99 USD with a 24-hour trading volume of $1,286,543,482 USD. Solana is down 1.77% in the last 24 hours, with a market cap of $51,979,416,022 USD. It has a circulating supply of 309,419,223 SOL coins.
Solana: Analysis
Solana is making lower lows since it last touched EMA cross 50 and now Cross EMA 200 is acting as a local resistance here. Solana has relatively strong support above $164, fib 1.272. If this trend continues, Solana might drift below $148, fib 2.618 support – losing another 13%. However, the local resistance for Solana is at $180.
