Solana is bleeding

This is bothering for Solana Holders

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
Source: Tradingview

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.

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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