The price of SOL is at $124.58.
The price is stagnant within a range between the support of $120 and the resistance of $130. This horizontal formation indicates greater consolidation after several rejections around $130.
A break below $120 could initiate a drop towards $112. However, a bounce from this support with increasing volume could drive the long-term forecast for Solana towards $130 and potentially $140.
The Relative Strength Index (RSI) is at 40, below 50, and is moving downwards. The Moving Average Convergence Divergence (MACD) histogram has turned red. The MACD line has crossed below the signal line.
SOL
124.04
-0.46%