Solana is perfectly following what we predicted last week. The downtrend continues which is bothering Solana Holders.
The Solana price today is $161.67 USD with a 24-hour trading volume of $1,569,530,582 USD. Solana is down 5.52% in the last 24 hours, with a live market cap of $49,736,849,926 USD. It has a circulating supply of 307,646,844 SOL coins.
Solana Holders: Analysis
The Bearish trend for Solana started when it broke below the higher highs trend on December 4. Solana is continuously falling after making a high of $260 on November 07. From the current price level, it first might come to a local support level of fib -0.236 at $153 and then rise to the resistance level of $179 where the major trend line stands. If this local support could not hold the bearish wave, the next support is $143, the resistance level being the same.