Without a clear-cut direction, Solana is trading around $25.41 and ranging between $24.9 and $25.93.
Solana's notable support and resistance levels: Solana is climbing away and is now $1.31 from the $24.09 support line. With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to momentum evaluation, the RSI is a momentum oscillator that measures changing price movements on a scale of 0-100. In Solana's case, the index has risen above 70, signalling that the asset is overbought. Asset volatility analysis shows that SOL's upper Bollinger Band® is at $25.83, suggesting that a downward move may follow.
Overall, while SOL has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Meanwhile, mixed performances are seen elsewhere as FTX Token is up 9.54%. Cardano is trading around $0.443 (down $0.008). EOS is down to $1.22, losing $0.021, after closing at $1.24 in the preceding trading session.
Having set a significant high of $108.72 11 months ago, SOL is trading 76.64% lower. SOL is currently trading with a market cap of 9.97 billion with an average daily volume of 429.27 million.
