Solana trades at $14.14 after gaining $0.3 (2.17%).
Solana could be slowing down soon as it approaches resistance at $14.23. Of course, crossing it might suggest further gains are ahead. Solana's upper Bollinger Band® is at $14.96, this is a slight indication of a slowdown. In contrast, having stamped out a session range of $13.83 to $14.29, Fibonacci-inclined SOL traders were highly concentrated around active Fibonacci resistance at $14.03.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Solana is set for a reversal in the coming days.
Solana shows positive signs, other assets are also on par: Tezos USD moves up 1.11% to trade around $1.
Meanwhile, Ripple is down to $0.383, losing $0.006, after closing at $0.39 in the preceding trading session.
Solana is now trading 93% below the significant high of $198 it set around 11 months ago. SOL is currently trading with a market cap of 5.14 billion with an average daily volume of 74.89 million.