A slow down? After five days of going up, SOL is flat today, hovering around $15.47.

A mostly flat day so far for SOL, ranging between $15.42 and $15.68; currently at $15.47.

After reaching the $15.38 support zone, Solana bounced and climbed 9 cents above it. Solana made an initial breakout above its 10 day Simple Moving Average at $15.47, a potential indicator of a newly emerging bullish phase.

Despite muted price action in SOL, chart analysis indicates it is positioned for a bullish run in the short term.

Other markets show mixed performance as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Binance Coin draws back 2.06% to trade around $239.26. Bitcoin Cash slumps 1.93% to trade around $105.04.

Having soared to a high of $46.6 approximately 10 months ago, SOL is now trading 66.8% lower. Solana has a market cap of 6.18 billion with an average daily volume of 357.20 million.