A mostly flat day so far for Solana, ranging between $18.41 and $18.69; currently at $18.43.
A study of Solana's historical price actions shows Solana is climbing away and is now 92 cents from the $17.51 support line. Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Solana's upper Bollinger Band® is at $26.18 and the lower is $17.9.
With market volatility ebbing, the current technical outlook indicates Solana will remain range-bound for the immediate future.
Other markets show mixed performance as FTX Token is up 9.54% to $1.36. EOS is up 3.05%. UNICORN Token USD is trading around $6.43 (down $0.197).
11 months ago Solana reached a significant high of $136.78 but has consequently lost 86.49% since then. Solana is currently trading with a market cap of 7 billion with an average daily volume of 529.72 million.