SOL prices retrace below the $105.0 key support
The Solana price analysis reveals a continuous downtrend that has seen SOL prices tear up 4.85 percent in the last 24 hours. The market has had a bleak month with prices shedding over 18 percent in the last 30 days. Sol’s recent price movements have been shaped by a descending channel pattern. The immediate resistance for SOL lies at $105.0, while support sits at 99.0The bears continue to dominate the SOL market and are expected to maintain their momentum. In the coming days, SOL is predicting another devaluation. As a result, the bears appear to have solid footing and may soon take control of the market.
Solana price movement in the last 24 hours: SOL prices lose 4.85 percent
The Solana price analysis over the last 24 hours reveals a market that is under bearish pressure. The market opened at $104.73 and immediately dropped to $99.77 in a matter of hours, representing a drop of 4.85 percent. The market has since recovered slightly but remains well below the opening price. The trading volume for the cryptocurrency is currently at $1,573,907,591.58 while the market capitalization is 33 billion. Solana currently ranks in position 7 while it dominates 1.80 percent of the total cryptocurrency market.
Solana price movement in the last 24 hours: SOL prices lose 4.85 percent
The Solana price analysis over the last 24 hours reveals a market that is under bearish pressure. The market opened at $104.73 and immediately dropped to $99.77 in a matter of hours, representing a drop of 4.85 percent. The market has since recovered slightly but remains well below the opening price. The trading volume for the cryptocurrency is currently at $1,573,907,591.58 while the market capitalization is 33 billion. Solana currently ranks in position 7 while it dominates 1.80 percent of the total cryptocurrency market.
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