Solana ($SOL) is experiencing a notable price decline, registering a 3.92% decrease in the last 24 hours. Despite the downturn, there are indications of potential recovery.
Current Price and Data for Solana
Currently, the price of Solana ($SOL) is approximately $115.08. This reflects a 3.92% decrease over the past 24 hours, marking a significant drop that increases the risk of further price declines. However, the community remains optimistic about a potential rebound.
Price Analysis and Market Movement
The last 24-hour trading period began with a price of $120.37, but after a significant downturn, the price fell to $112.47. This was followed by a slight rebound reaching $117.31, but the price could not sustain this and recorded another dip, settling at $114.81. Currently, the price has slightly increased to about $115.08.
Support and Resistance Levels for Solana ($SOL)
The current price indicates a resistance level at $120.51. Should Solana surpass this level, the second and third resistance levels are $135.69 and $152.77, respectively. The immediate support level is currently at $112.47, and a drop below this could lead to further supports at $110.6 and $100.45.
Even though the current price decline of Solana ($SOL) signals a short-term negative outlook, there is potential for recovery in the future. It is anticipated that within the next thirty days, $SOL may reach $140.10, suggesting a potential increase of 11.01%.
