Mixed sentiment leads SOL cryptocurrency to trade sideways; establishes tight $21.78 to $22.02 range

A mostly flat day so far for SOL, ranging between $21.78 and $22.02; currently at $21.93.

As the trading day commences, technical analysis suggests Solana is approaching key support, around 89 cents away from $21.04. 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.

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 decreases 2.98% to trade around $6.43. TRON moves 0.47% to trade around $0.066.

Solana reached a significant high of $99.44 around 11 months ago but has lost 78% since then. SOL is currently trading with a market cap of 8.62 billion with an average daily volume of 488.23 million.