Solana testing higher lows support level

Solana was nicely rising by making EMA 50 a support however this support broke below yesterday.

Solana price today is $190.30 USD with a 24-hour trading volume of $2,318,689,656 USD. Solana is down 5.74% in the last 24 hours, with a market cap of $58,862,444,323 USD. It has a circulating supply of 309,312,303 SOL coins.

Solana testing
Source: Tradingview

Solana Testing: Analysis

Now Solana is sitting on a relatively major trend line and testing the bottoms of it. EMA 200 is the current support level and there are chances that Solana might gain upwards momentum from here as Bitcoin is already in an oversold situation. The next support level is at $184 and the resistance is at $196 and $200.

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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