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A slow down? After six days of going up, Solana is flat today, hovering around $24.53.

14 April 2023

SOLUSD

Without a clear-cut direction, Solana is trading around $24.53 and ranging between $23.84 and $25.45.

Solana made an initial break below its 3 day Simple Moving Average at $24.43, a possible indication of a forthcoming negative trend. SOL is currently flirting with an active Fibonacci support level around $23.86. SOL's upper Bollinger Band® is at $24.71, suggesting that a downward move may follow. Despite this, SOL is climbing away and is now 62 cents from the $23.91 support line.

Although price action remains in a stalemate, technical analysis suggests SOL could be primed for a break to the downside.

While SOL is pretty flat so far today, mixed performances are seen elsewhere as FTX Token gained 9.54% and is currently trading at $1.36. Having closed the previous session at $2,012.61, Ethereum is up 3.7% today to currently trade at around $2,087. Cosmos USD is up 4.77%.

SOL has fallen back around 77.55% over the past 11 months, from a notable high of $108.72. Solana is currently trading with a market cap of 9.61 billion with an average daily volume of 351.28 million.

Market Summary

Latest Crypto News

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Solana set for weak finish today; down 2.45% to $21.74 with a hour before close

After five days of going down, Solana is flat today, hovering around $20.62

Bitcoin Cash down $3.19 reaching $113, for its 4th straight negative day

Binance Coin cryptocurrency trades up $1, approximately 0.32% higher going into tomorrow

US markets end yesterday lower alongside bearish sentiment in European indices

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