TL;DR Breakdown Solana price analysis is bearish for today.SOL/USD reached $150 overnight.Solana saw another 40 percent rally this week. Solana price analysis indicates bearish momentum to follow today as the market has reached the $150 major resistance after a strong rally this week. Since some rejection for further upside can currently be seen, we expect SOL/USD to reverse and retrace some of the gain over the weekend. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours. The market leaders, Bitcoin and Ethereum, have declined by 0.77 and 1.35 percent, respectively. Meanwhile, SOL is in the middle of the pack, with a small gain of 0.82 percent. Solana price movement in the last 24 hours: Solana finds resistance at $150 SOL/USD traded in a range of $136.18 – $150.43, indicating strong volatility over the last 24 hours. Trading volume has decreased by 31.6 percent and totals $5.36 billion, while the total market capitalization trades around $41.17 billion, ranking the coin in 7th place overall. SOL/USD 4-hour chart: SOL set to retrace? On the 4-hour chart, Solana price has started to decline, indicating a possible retracement over the weekend. SOL/USD 4-hour chart. Source: TradingView Solana price action has seen a substantial advance over the past weeks. After consolidating below the $80 mark at the end of August, a clear higher swing low was established around...
