Solana withdraws $0.293 following previous session close at $24.69

SOL drops from $24.69 to $24.4, losing $0.293 (1.19%) today.

Solana made an initial break below its 5 day Simple Moving Average at $24.07, a possible indication of a forthcoming negative trend. Solana's upper Bollinger Band® is at $25 which indicates a further downward move may follow. In contrast, SOL could begin to recover as it approaches significant support, now 66 cents away from $23.74. 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.

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD gained 1.62% and is now trading at $6.47.

SOL has fallen back around 77.29% over the past 11 months, from a notable high of $108.72. SOL has a market cap of 9.56 billion with an average daily volume of 419.29 million.