- SOL coin price is currently seeing a downside correction and can soon hit the support of $120 in the future. In contrast, the SOL price is down by more than 3% in the intraday session.
- Solana price has formed a downside channel on the daily chart. In contrast, SOL/BTC pair is down by more than 9.18% in the intraday session.
SOL coin price is currently seeing a strong correction on the daily chart and can hit the next support in the future. Solana coin price is currently trading near the value of $159 and has seen a loss of more than 3% in the intraday session. The ROI of the coin is 72261% and is growing for more. It is currently down by more than 26% from its all-time high and can soon new a high in the future. The downside momentum of SOL can push the price to a lower level. One can forecast strong growth in SOLANA for upcoming years.
SOLANA token market dominance is 2.13% and is growing more and more. The CMC ranking of the SOL along with the market cap is also seeing a strong recovery. The volume of the coin is also seeing a strong surge and can soon hit a new high. The volume to market cap ratio of the SOL suggests a strong upside momentum for the future. One can invest in Solana as per their needs and risk capacity.
Bulls And Bears Of SOL Coin Price Are On Rest
The weekly technical chart of the Solana price is currently seeing a consolidation momentum in the price. On the daily chart, SOL price is seeing a downside momentum. The hostile region of the SOL can be seen near $200. Meanwhile, the support of the coin can be observed near $120. The coin price is trading above the 50 and 100 Daily Moving Average. The 50MA line is near $120 acting as temporary support for the price. The coin has formed a downside parallel channel which can push the price to a new low. If the price jumps 15 to 20% above the current level then a strong momentum can be observed. SOL/BTC pair can also see a new high in the future.
SOLANA coin price is seeing a downside momentum but can soon revert to the uptrend.SOL/BTC pair can also observe a strong momentum in the future.
Major Resistance: $200
Major Support: $120