Solana: The seventh-largest cryptocurrency hit a snag

What's in this article

Solana is quietly ranging below $140, heading towards the January 10’s bottom of $130. Since Solana is below EMA 20 on a 4-hour chart, it is considered to be extremely bearish.

Solana price today is $136.01 USD with a 24-hour trading volume of $1,464,494,502 USD. Solana is down 5.29% in the last 24 hours, with a market cap of $42,728,343,183 USD. It has a circulating supply of 314,152,199 SOL coins. 

Source: Tradingview

Solana: Analysis

Solana Bulls must keep up this support level in order to remain neutral or expect a mild bullish rally up to the previous high of $151 of January 16. Otherwise, we may enter a bearish cycle dropping the price to $124 support, fib 1.414. Solana must rise above the shaded zone near $175 to perfectly develop a bullish pattern.

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.

Check Also


EU MPs Attack Amazon’s Participation in Digital Euro Project

A cross-party coalition of members of the European Parliament on Tuesday came under fire at …

Leave a Reply

Your email address will not be published.