Mixed sentiment leads SOL cryptocurrency to trade sideways; establishes tight $21.18 to $21.32 range

SOL is now trading at $21.28 after tracing out a steady $21.18 – $21.32 range today.

Solana's upper Bollinger Band® is at $21.8, suggesting that a downward move may follow. In contrast, Solana is approaching key support, around 49 cents away from $20.8. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests SOL is positioned for a downward move in the near term.

While Solana is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

Solana has fallen back around 54.39% over the past 9 months, from a notable high of $46.6. SOL has a market cap of 8.44 billion with an average daily volume of 259.37 million.