SOL cryptocurrency trades up $0.233, approximately 1.21% higher this afternoon

SOL trades at $19.47 after gaining $0.233 (1.21%).

Solana made an initial breakout above its 200 day Simple Moving Average at $19.32, a potential indicator of a newly emerging bullish phase. SOL's lower Bollinger Band® is at $19.09, indicating that the market is oversold and fertile for new buyers. Despite this, SOL is 46 cents away from testing key resistance at $19.93. Peaking above this level could inspire market bulls and open the path to further gains.

SOL continues to move higher with technical analysis indicating the trend will continue in the short term.

Solana shows positive signs, other assets are also on par: FTX Token is up 9.54% to $1.36. Having closed the previous session at $0.077, TRON is up 1.2% today to currently trade at around $0.078.

At the same time, UNICORN Token USD descends 2.98% to trade around $6.43.

Over the past a year, Solana has retreated 60.07% from a noteworthy peak of $48.18. Solana has a market cap of 7.71 billion with an average daily volume of 297.69 million.