| 
June 20, 2023
Marginally higher but lacking a clear-cut direction, SOL is trading at $16.34 after ranging between $15.77 and $16.44 today.
The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. On the other hand, note that Solana price action is currently oscillating around the $16.2 resistance level with prices moving above and below several times during the session.
Overall, looking at the technical analysis landscape, it seems SOL might continue pointing upwards in the short term.
Other markets are also showing gains as FTX Token is up 9.54%. Bitcoin is up 4.21% to $27,944. Bitcoin Cash is up 2.52%.
10 months ago Solana reached a significant high of $46.6 but has consequently lost 65.51% since then. Solana has a market cap of 6.53 billion with an average daily volume of 356.20 million.
