Solana uptrend is ending on the daily chart

Solana uptrend is ending on the daily chart and it can push the price of Solana to $154, the chart says.

The Solana price today is $184.59 USD with a 24-hour trading volume of $1,851,416,032 USD. Solana is down 4.17% in the last 24 hours, with a live market cap of $56,731,912,929 USD. It has a circulating supply of 307,347,575 SOL coins.

Solana uptrend
Source: Tradingview

Solana uptrend: Analysis

Starting from August 29, 2021, Solana has been rising at an insane pace on a trend line. It broke below first time on December 4 last weekend. As shown in the chart, the pattern of higher highs and higher lows has broken which means a bearish wave might come here to plunge the price of Solana to $154, the level where it was in mid-October.

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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