$SOL Solana (SOL) is currently trading at $136.18, with a market cap of $75.90 billion. The price has seen a slight dip of 1.48% in the last 24 hours.
*Key Support and Resistance Levels:*
- _Support Levels_: $128-$130, $124.73-$95.33
- _Resistance Levels_: $144-$147.50, $175-$180, $200-$225
The RSI (14) stands at 45.8, indicating a neutral signal. Analysts suggest that Solana has formed a descending channel pattern, indicating a potential bullish breakout if it breaks above $175-$180 resistance. ¹ ²
*Technical Analysis:*
The MACD suggests the bulls are likely to continue their run, albeit gently. The consolidation phase after the recent highs is pointing to a well-defined market structure. Volume is at a normal level, indicating buying pressure is under control.
Would you like to know more about Solana's long-term price forecast or its potential as a safe-haven asset?
Follow-up questions:
1. What are the major factors influencing Solana's price movement today?
2. Should I consider buying Solana now, or wait for a better entry point?
