Solana cryptocurrency trades up $0.221, approximately 0.95% higher this afternoon

After closing the previous trading day at $23.19, Solana went up to $23.73 only to drop back; still positive overall today, now trading at $23.41.

Despite posting gains so far today, Solana slid below its 3 day Simple Moving Average at $22.96 in earlier trade — an early indicator that a negative trend could be emerging. SOL broke through the $23.66 resistance and climbed 25 cents above it. Despite this, crossed the $23.33 Fibonacci level, next level is at $25.37.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates SOL is set for a reversal in the coming days.

Solana shows positive signs, other assets are also on par: FTX Token jumps 9.54% to trade around $1.36. UNICORN Token USD is up 1.62% to $6.47.

Meanwhile, Tezos USD closed at $1 (down 1.34%).

Solana is now trading 75% below the significant high of $92.77 it set around 11 months ago. SOL has a market cap of 9.20 billion with an average daily volume of 561.98 million.