A mostly flat day so far for SOL, ranging between $20.53 and $20.83; currently at $20.62.
Solana made an initial breakout above its 3 day Simple Moving Average at $20.88, a potential indicator of a newly emerging bullish phase. Solana's upper Bollinger Band® is at $23.47 and the lower is $20.18. SOL is approaching key support, around 28 cents away from $20.34. 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.
Overall, looking at the technical analysis landscape, it seems SOL might be pointing upward in the short term.
While SOL is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. After ending today's session at $0.364, Cardano lost $0.007 and is trading around $0.356. Bitcoin Cash stumbles 1.62% to trade around $120.
Since its 52-week high of $67.81, Solana has lost 69.59% over the last twelve months. SOL is currently trading with a market cap of 8.15 billion with an average daily volume of 408.63 million.