Without a clear-cut direction, Solana is trading around $23.31 and ranging between $23.18 and $23.46.
Solana chart analysis: Solana is approaching key support, around 78 cents away from $22.53. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Price action remains constrained around the key Fibonacci level of $23.33 currently serving as support. If price action breaks below, the next Fib hurdle is $22.7.
While Solana is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54% to $1.36. TRON improves 0.7% to trade around $0.067. Bitcoin Cash climbs 1.24% to trade around $119.59.
Solana has shed $71.06 points and is languishing 75.24% lower over the past year, leaving its yearly highs around $94.35 in the rear-view mirror. SOL is currently trading with a market cap of 9.16 billion with an average daily volume of 552.65 million.