Solana (SOL) is trading at approximately $153.42, showing a 2.08% decrease over the past 24 hours. The price fluctuated between an intraday high of $157.96 and a low of $153.17.
The decline is largely due to renewed global macroeconomic uncertainty and a cautious crypto market sentiment.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
Solana Next Target
- Current Price: $153.42
- 24h Price Change: -2.08%
- 24h Range: $153.17 – $157.96
- Market Cap: ~$80.68 billion
- 24h Trading Volume: ~$2.58 billion
- Circulating Supply: ~524 million SOL
- Total Supply: ~602 million SOL
Price got rejected 2x at $180 resistance (also 200 SMA), which was followed by a bearish breakout from Channel Up. It’s now pulled back below $160 key level and could revisit $145 support.
That would be a swing trade entry opportunity, with upside potential back to $180.
Key Technical Indicators
- Relative Strength Index (RSI): ~38.92 (Neutral to Bearish)
- MACD: Bearish crossover
- Support Levels: $150, $145
- Resistance Levels: $160, $165
- Trend: Sideways with bearish tilt if support breaks
Latest Solana News & Developments
- Price Movement: SOL is trading slightly lower amid market-wide pullbacks caused by cautious investor sentiment and ongoing regulatory concerns.
- Volume Spikes: Trading volumes remained steady, with significant activity during U.S. trading hours, suggesting institutional interest remains.
- Network Update: Developers continue to test network improvements aimed at further increasing Solana’s scalability and transaction throughput.
👉 Short-Term Forecast: Neutral to Bearish
📉 Risk Level: Moderate – linked to broader market sentiment and geopolitical factors
For on-demand analysis of any cryptocurrency, join our Telegram channel.
