Solana weakened earlier in the day, before moving away from its $13.96 low and recovering back to $14.35.
Solana formed a session range of $13.96 to $14.48 leaving buyers and sellers highly concentrated around an active Fibonacci support level of $14.03. Technical chart analysis shows Solana could begin to recover as it approaches significant support, now 38 cents away from $13.97. Dipping below could be an indication that further losses are ahead.
In the meantime, negative performances are also seen in other markets, Litecoin is down to $76.15, losing $2.43, after closing at $78.57 in the preceding trading session.
Positive performances can be seen by looking at other markets as Dogecoin is up 8.63%. Having closed the previous session at $1.38, FTX Token is up 5.74% today to currently trade at around $1.46.
4 days ago, Solana fell to a low of $11.82 but has since recovered 22.48%. SOL has a market cap of 5.21 billion with an average daily volume of 215.13 million.