- Solana price analysis turns negative as SOL gradually loses ground.
- The price has moved down to the $12.21 support level, as SOL continues to drop.
- The bearish pressure has increased and the price is now below the $12.57 resistance level.
Solana price analysis reveals that the price has been following a downward movement today, as the bears have constantly been striving for lead. The short-term trending line shows the crypto pair is trying to maintain its price near the $12.33 psychological mark, yet it is unable to recover above the said level and is trading in the $12-13 range.
The bulls started today’s session with a bang, as the SOL price jumped up to touch the $12.57 resistance before going down again. This is a sign that buyers are trying to push the price up. However, the lack of sufficient buying pressure has caused a pullback to the $12.21 support level. The SOL/USD has a 24-hour trading volume of $143 million, with a market capitalization of over $4.51 billion.
The 24-hour Solana price analysis shows that the price has been following a decreasing trend for the past few hours, with the strongest correction observed yesterday. However, bears tried to lower the price further below; although there have been instances where the bulls tried to take over the market, the overall tre ...
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