Mixed sentiment leads SOL cryptocurrency to trade sideways; establishes tight $20.97 to $20.97 range

Solana trades at $20.97, after ending today at $20.97.

Trend-focused traders would be interested to note 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. Asset volatility analysis shows that Solana's upper Bollinger Band® is at $25.5 and the lower is $20.16.

Overall, technical indicators suggest SOL has no obvious direction for the immediate future.

Meanwhile, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

SOL has fallen back around 84.67% over the past 11 months, from a notable high of $136.78. Solana is currently trading with a market cap of 8 billion with an average daily volume of 593.48 million.