Tentatively higher from an earlier low of $33.78, SOL is up to $36.32 today, adding $2.42, or 7.14%, to today's closing price of $33.9.
The Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Crossed the $34.22 Fibonacci level, next level is at $36.32. SOL has crossed the upper Bollinger Band® at $35.2, a potential sign that further gains are to follow. In contrast, SOL price action is currently oscillating around the $35.07 resistance level with prices moving above and below several times during the session.
Overall, looking at the technical analysis landscape, it seems Solana might continue pointing upwards in the short term.
SOL shows positive signs, other assets are also on par: Litecoin improves 3.1% to trade around $69.69. Cosmos USD gained 3.55% and is now trading at $15.64.
Meanwhile, after ending today's session at $25.51, FTX Token lost $0.952 and is trading around $24.56.
Solana is now trading 86.91% below the significant high of $258.93 it set around 11 months ago. SOL is currently trading with a market cap of 13 billion with an average daily volume of 89.12 million.