Without a clear-cut direction, SOL is trading around $14.06 and ranging between $13.95 and $14.47.
With regards to technical trend indicators, chart analysis show that investors are seeking long positions as Solana price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Solana bounced $0.033 away from Fibonacci support at $14.03. Japanese candlestick formations show 'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end. According to asset volatility analysis, Solana's upper Bollinger Band® is at $14.33, suggesting that a downward move may follow. Chart analysis indicates Solana is approaching key support, around 29 cents away from $13.77. 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, while Solana has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
While Solana is pretty flat so far today, mixed performances are seen elsewhere as Cardano closed at $0.3 (down 2.18%). Ripple closed at $0.38 (down 1.6%). Ethereum is down to $1,286.25, losing $23.2, after closing at $1,309.45 in the preceding trading session.
Solana is now trading 92.86% below the significant high of $198 it set around 11 months ago. SOL has a market cap of 5.15 billion with an average daily volume of 48.93 million.