- Solana’s trading volume surged by 94.85%, despite an 8.68% price drop in the last 24 hours.
- SOL ($130.03) faced resistance at $217; $195 support is crucial for stability as institutional interest grows.
Solana [SOL] was trading at $197.05 at press time, experiencing an 8.68% decline in the last 24 hours but posting a 4.31% gain over the past week.
Meanwhile, the cryptocurrency’s trading volume surged to $6.69 billion within 24 hours, reflecting robust market interest.
At the time of writing, with a circulating supply of 480 million SOL, the coin’s market capitalization stood at $95.54 billion, SOL’s price has fluctuated within a 24-hour range of $193.90 to $215.98, and the weekly range extends from $188.79 to $221.35.
The asset is currently 24.9% below its all-time high of $263.21, recorded on the 23rd of November 2024, and it faces resistance near key levels.
Technical indicators point to bearish momentum
Recent price action shows a break below the bullish trendline and Fair Value Gap (FVG), with the 200-day Moving Average(MA) at $217.96 acting as strong resistance.&nbs...
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