Solana cryptocurrency trades up $0.21, approximately 1.03% higher going into tomorrow

After dipping down to $18.97, Solana regains earlier losses and goes up to $20.58.

Solana made an initial breakout above its 21 day Simple Moving Average at $21.22, a potential indicator of a newly emerging bullish phase. SOL is currently trading around the $20.77 Fibonacci resistance level. Despite this, although SOL is appreciating today after rising as high as $21.31, price action is now slowing and consolidating around $1.12 below the $21.7 resistance level.

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

SOL shows positive signs, other assets are also on par: Bitcoin gained 9.25% and is currently trading at $24,230. Binance Coin is up 6.21%. FTX Token is up 9.54% to $1.36.

Solana has fallen back around 85.11% over the past 11 months, from a notable high of $136.78. Solana has a market cap of 7.88 billion with an average daily volume of 536.77 million.