Solana ($SOL) is going through a continuous price downturn. As per the exclusive market data, over the past 24 hours, $SOL’s price has plunged by 3.72%. This persistent downtrend points toward a pullback from the $SOL investors. A key role in this market outlook is played by the wider market uncertainty and macroeconomic shift. However, community still expects $SOL to bounce back in the near term.
Solana’s Price Value Today
Based on the latest data, the price of $SOL is currently hovering around $119.75. This price level points out a considerable decline which is impacting the overall status of the popular crypto token in the crypto market. Even then, the possibility for a recovery stays intact as the price performance shows the slight price increases over time.
A positive development is that a massive 103.28% rise has taken place in the 24-hour volume of Solana ($SOL). Hence, the further price movement of $SOL will be a key factor in determining the future direction.
Statistical Data of Solana ($SOL)
- Market Cap: $61,392,125,067.06 is the current market capitalization of Solana ($SOL).
- Volume: The 24-hour volume of $SOL stands at $6,043,553,558.07
- Supply: The total and circulating supply of $SOL account for 597,686,854.75 SOL and 512,627,741.55 SOL respectively
$SOL Price Analysis
At the start of the latest 24-hour trading session, $SOL was hovering around $124.76. Following that, a significant upward momentum started, leading $SOL’s price to $135.69. Nevertheless, the subsequent decline pushed the price down to $116.98. After that, a gradual uptake has raised the price to the current level of $119.75.
This indicates a 24-hour price change of up to -3.72%. At this point, $SOL is experiencing a momentary stagnation. However, it is expected to make a comeback. Moreover, the $103.28% upsurge in 24-hour volume also boosts the community sentiment in the favor of a noteworthy rebound.
$SOL Support and Resistance Levels
At present, $135.69 acts as $SOL’s immediate price resistance. In addition to this, $147.05 and $152.77 are the 2nd and 3rd key resistance levels.
On the other hand, $SOL finds $116.98 as the immediate support level. Subsequently, $113.18 and $110.06 serve as the second and third support levels.
Price Prediction for Solana ($SOL)
Despite the price decline to $119.75, the significantly rising 24-hour volume of Solana ($SOL) increases the potential for a recovery spree. The continuation of the bullish momentum could lead to an 11.01% spike in $SOL’s price over the upcoming month. Hence, its price is anticipated to reach the $140.10 mark over the next 30 days.
