TL;DR Breakdown Solana price analysis is bearish on the 24-hour chartSOL/USD crashed below $150Solana is likely to move lower today Today’s Solana price analysis is bearish, as the currency has broken below $150 and dashed to $140 overnight. We anticipate that downward momentum will continue later this week since bears rapidly pulled SOL/USD back beneath the main support. Over the last 24 hours, the cryptocurrency market has been trading in a strong downward trend. Bitcoin dropped by 4.89 percent, while Ethereum declined by 6.6 percent. Cardano(ADA) is the worst performer after shedding 7 percent. Solana price movement in the last 24 hours: Solana retests $140 support The SOL/USD pair was in a range of $140 to $150 throughout the trading day, with significant volatility over the previous 24 hours. The trading volume stands at $3.25 billion, up 1.28% from yesterday’s level. Meanwhile, the overall market cap is valued at around $42 billion, putting it at position #7 overall. SOL/USD 4-hour chart: SOL ready to rally again? The Solana price has been moving sideways on the 4-hour Solana price analysis chart, as bulls wait for a push higher. SOL/USD 4-hour chart. Source: TradingView The price of the Solana has been trading in a downward trend for days now since breaking down from $200 support. The losses solidified further after the blockchain shutdown resulting in a break below $160. The bulls are now tired...
