Solana’s near-term potential – Can SOL bulls trigger a rally?
What is Solana's current trading price?
Solana's current trading price is around $134.02 per SOL with a 24-hour trading volume of $1.48 billion. The cryptocurrency has experienced a 7.25% decrease in price over the past week and is valued 48.45% below its all-time high of $260.00.
How did SOL perform in the first quarter of this year?
In the first quarter of this year, Solana (SOL) experienced a promising performance. However, over the past few months, the altcoin's trajectory has been sluggish, losing nearly 30% of its value after reversing from the $186 resistance level. Technical indicators suggest oversold conditions and signs of a potential trend reversal.
How much has SOL's value decreased in the past month?
SOL's value has decreased by nearly 30% in the past month, reversing from the $186 resistance level. The coin has continued its downtrend, testing the $133 support level at the time of writing. Technical indicators show highly oversold conditions and signs of a potential trend reversal.