Is it the end of Solana's rally? After three days of gains, it is down by 2.32% today

Solana drops from $21 to $20.52, losing $0.48 (2.32%) today.

Trend analysis indicates that Solana made an initial break below its 10 day Simple Moving Average at $20.96, a possible indication of a forthcoming negative trend. Analysis based on the asset volatility indicates that SOL's lower Bollinger Band® is at $19.78, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Following today's trading session, chart analysis suggests Solana could begin to recover as it approaches significant support, now 35 cents away from $20.87. Dipping below could be an indication that further losses are ahead.

Overall, the technical outlook suggests Solana is likely to remain muted for the immediate future, with no clear-cut direction.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Litecoin is up 2.49%.

Having soared to a high of $56.29 approximately 11 months ago, SOL is now trading 62.68% lower. Solana is currently trading with a market cap of 8.12 billion with an average daily volume of 384.89 million.