Solana ($SOL) is going through a continuous downtrend. As per the latest data, the exclusive 24-hour price performance of Solana shows a 1.33% dip. This marks another day with the overall bearish outlook for Solana ($SOL). However, the prominent crypto asset keeps making endeavors to recover its losses. As the price decline is minor, $SOL could potentially rebound shortly.
$SOL Price Value
The updated market data shows that Solana ($SOL) is changing hands at up to $124.59. The respective price level points out an almost 1.33% price decrease over the recent twenty-four hours. Nonetheless, the consistent recovery efforts highlight the chances of a bounce back. Moreover, the community sentiment stays high, indicating a bullish perception of Solana’s future price trajectory.
Statistical Data:
- Market Cap: The present market cap of Solana ($SOL) is $64,115,404,338.18
- Volume: $SOL accounts for $1,870,095,050.27 in its latest 24-hour volume
- Supply: The total and circulating supply of $SOL stand at 597,387,144.55 SOL and 512,291,328.93 SOL respectively
$SOL Price Analysis
The latest 24-hour session of Solana ($SOL) began with its price at $126.25. However, with some fluctuations, the price plunged further to the $123.61. Nonetheless, due to the push for recovery, the price surged to the height of nearly $126.62. Even then, another pullback placed the price at $123.07. Subsequently, $SOL rebounded to the $127.39 mark. After that, it has been continuously declining, with the current price accounting for $124.59.
The respective price level signifies an approximate 1.33% decrease during the recent 24 hours. Based on the significant price fluctuations, the probability for Solana’s uptrend stays intact. Keeping this in view, the upcoming days will play a crucial role in the case of $SOL’s price performance.
$SOL Support and Resistance Levels:
Based on the market data, $127.39 is the immediate price resistance level for Solana ($SOL). Following that, $142.3 and $178.63 serve as the 2nd and 3rd key resistance levels.
On the other hand, the immediate support level for $SOL stands at $123.07. Additionally, $123.07 is the 2nd prominent support level while $113.18 denotes the 3rd significant support level.
$SOL Price Prediction
In line with the positive community sentiment, Solana ($SOL) could witness a considerable price recovery over the next few days. Currently, $SOL’s anticipated price performance accounts for an approximate 11.01% price upsurge during the next 30 days. In this respect, it could rise to $140.10 within the month.
