SOL cryptocurrency trades up $0.534, approximately 3.5% higher this afternoon

Tentatively higher from an earlier low of $15.19, Solana is up to $15.82 today, adding $0.534, or 3.5%, to today's closing price of $15.29.

Solana made an initial breakout above its 10 day Simple Moving Average at $15.76, a potential indicator of a newly emerging bullish phase. Solana broke through the $15.64 resistance, climbing 18 cents above it.

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

SOL shows positive signs, other assets are also on par: FTX Token jumps 9.54% to trade around $1.36. Binance Coin is up 2.91%. MaticNetwork USD is up 5.27% to $0.62.

Solana has fallen back around 67.2% from the significant high of $46.6 set 10 months ago. Solana is currently trading with a market cap of 6.32 billion with an average daily volume of 365.22 million.