TL;DR Breakdown Solana price analysis is bullish for today. SOL/USD continued to respect $150 support.Solana is likely to move higher before the daily chart closes. Solana price analysis: General price overview Solana opened the daily rice analysis chart in bullish momentum. Buyers outnumbered the sellers in the market causing the prices to rise in an upward momentum forming several bullish trends to the intraday at $159. The sellers had consolidated their strength causing a firm resistance at the intrada highs. This resistance caused the price of the SOL/USD pair to begin a downfall. The price dropped in a falling wedge to the intraday lows of $152. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours, with the market leader, Bitcoin, up by 1.6 percent. Ethereum is up by 5.2 percent, while Binance Coin (BNB) is among the best performers, gaining 8.24 percent. Solana price movement in the last 24 hours: Tight range SOL/USD traded in a tight range of $152 – $159, indicating a less volatile market over the last 24 hours. Solana trading volumes have dropped by more than 40 percent from yesterday. The total trading volumes add to $3.4 billion while the total market cap is $46 billion ranking Solana number 7 in the overall market. SOL/USD 4-hour chart: SOL ready to rally again? On the 4-hour chart, we can see the Solana price is bearish as bulls prepare for a push higher. Sour...
