The cryptocurrency market has shown fluctuations over the last few days. In particular, Solana (SOL) has demonstrated growth, catching the attention of traders.
Market Overview
The current market capitalization of cryptocurrencies stands at $3.36 trillion, with major assets attempting to recover. The market remains mixed, displaying both positive and negative signals.
Solana Trading Results
Solana opened the trading session at $147.96 and rose to a high of $153.39. It is currently trading around $153, with a market cap of $81.94 billion. The daily trading volume has increased over 130%, reaching $3.47 billion.
Technical Analysis and Forecasts
The four-hour technical chart of Solana shows that the MACD line is above the signal line, indicating a bullish sign. The overall trend strength is in the early stages of upward momentum. The Chaikin Money Flow at 0.06 confirms buying pressure in the market. The RSI at 61.08 suggests room for further gains, with the Bull Bear Power reading of 3.64 indicating bulls are firmly in control.
Solana may test the nearby resistance at around $153.11. If the bullish momentum continues, the price could bounce up to the $153.23 level. Conversely, if bears take control, the price may slip towards the $152.89 support.
