Solana cryptocurrency trades up $0.197, approximately 1.19% higher this morning

Solana trades at $16.84 after gaining $0.197 (1.19%).

As the trading day commences, technical analysis suggests Solana is 45 cents away from testing key resistance at $17.3. Peaking above this level could inspire market bulls and open the path to further gains.

SOL shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.826, Tezos USD is up 2.71% today to currently trade at around $0.848.

At the same time, Bitcoin Cash closed at $206.72 (down 3.54%).

Solana reached a significant high of $46.6 around 10 months ago but has lost 64.28% since then. SOL has a market cap of 6.73 billion with an average daily volume of 357.10 million.