On 4-hour time frame, moving below EMA 50, Solana is forming Hidden Bearish Divergence.
Solana price today is $135.52 USD with a 24-hour trading volume of $1,408,338,487 USD. Solana is down 2.66% in the last 24 hours, with a market cap of $42,192,267,010 USD. It has a circulating supply of 311,341,585 SOL coins.
Hidden Bearish Divergence appears when the price is making lower highs and the Oscillator makes higher highs. Such patterns indicate the continuation of a bearish trend, meaning Solana is the bearish 4-hour time frame. Solana has support at the highlighted region of $140 but it might not be able to hold off the price plunge. The next support level for Solana is at $120, fib 1.272. The resistance level is above the previous high of $153.