After four days of going down, Solana is flat today, hovering around $18.46

A mostly flat day so far for Solana, ranging between $18.22 and $18.69; currently at $18.46.

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Solana's upper Bollinger Band® is at $26.18 and the lower is $17.91. Chart analysis suggests Solana is climbing away and is now 95 cents from the $17.51 support line.

All in all, the technical analysis suggests Solana has no clear-cut direction.

While Solana is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. EOS gained 4.87% and is now trading at $1.18. Having closed the previous session at $5.6, Polkadot is up 3.1% today to currently trade at around $5.78.

SOL has fallen back around 86.49% from the significant high of $136.78 set 11 months ago. Solana has a market cap of 7 billion with an average daily volume of 529.72 million.