SOL cryptocurrency trades up $0.822, approximately 4.49% higher going into tomorrow

Solana trades at $19 after gaining $0.822 (4.49%).

Solana made an initial breakout above its 5 day Simple Moving Average at $18.23, a potential indicator of a newly emerging bullish phase. On the other hand, note that SOL could be slowing down soon; it is getting close to the resistance line and is now at $18.95, only 4 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

Overall, looking at the technical analysis landscape, it seems SOL might continue pointing upwards in the short term.

Solana shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $20,600, Bitcoin is up 3.97% today to currently trade at around $21,426. Litecoin moves up 5.69% to trade around $73.42.

Over the past 11 months, Solana has retreated 86.71% from a noteworthy peak of $136.78. SOL has a market cap of 7.27 billion with an average daily volume of 577.24 million.