SOL cryptocurrency trades up $0.176, approximately 0.92% higher going into tomorrow

Marginally higher but lacking a clear-cut direction, Solana is trading at $19.43 after ranging between $19.1 and $19.83 today.

Solana made an initial breakout above its 200 day Simple Moving Average at $19.84, a potential indicator of a newly emerging bullish phase. On the other hand, note that Solana reversed direction at $19.6 resistance zone and retreated back 17 cents below it. Bollinger Band® analysis indicates that current price action is approaching the upper band at $20.04, thereby suggesting that Solana is becoming overvalued.

Overall, looking at the technical analysis landscape, it seems SOL likely to continue pointing upward in the short term.

Solana shows positive signs, other assets are also on par: FTX Token added 9.54% to its value, now trading at $1.36.

At the same time, Bitcoin Cash slips 4.54% to trade around $277.22. After ending today's session at $0.767, EOS lost $0.024 and is trading around $0.743.

Solana has fallen back around 58.69% over the past 10 months, from a notable high of $46.6. SOL is currently trading with a market cap of 7.79 billion with an average daily volume of 355.00 million.