Solana cryptocurrency trades up $0.366, approximately 1.79% higher going into tomorrow

Tentatively higher from an earlier low of $20.34, SOL is up to $20.79 today, adding $0.366, or 1.79%, to today's closing price of $20.43.

Despite posting gains so far today, Solana slid below its 21 day Simple Moving Average at $20.34 in earlier trade — an early indicator that a negative trend could be emerging. SOL's upper Bollinger Band® is at $21.49, this is a slight indication of a slowdown.

Technical analysis suggests there could be an imminent reversal for SOL.

Solana shows positive signs, other assets are also on par: FTX Token is up 9.54%. Bitcoin improves 2.63% to trade around $27,567. Cardano is up 2.92%.

Solana has fallen back around 56.86% over the past 11 months, from a notable high of $47.35. SOL is currently trading with a market cap of 8.24 billion with an average daily volume of 268 million.