Solana is trading around $21.58, down by $0.196 (0.9%)

Solana weakened earlier in the day, before moving away from its $21.45 low and recovering back to $21.58.

Solana made an initial break below its 5 day Simple Moving Average at $21.49, a possible indication of a forthcoming negative trend. SOL's upper Bollinger Band® is at $22.32 which indicates a further downward move may follow. On the other hand, note that Solana could begin to recover as it approaches significant support, now 15 cents away from $21.43. Dipping below could be an indication that further losses are ahead.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for SOL.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Bitcoin Cash slumps 1.58% to trade around $113.67.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

Approximately 9 months ago, Solana reached a significant high of $46.6 but has struggled to hold onto its gains and declined 53.26% since then. Solana is currently trading with a market cap of 8.58 billion with an average daily volume of 229 million.