CandleFocus Solana (SOL) Price Nears $183 Support, But Momentum Could Be Improving
2024-12-26
Author: Content Editor
The price of Solana (SOL) has fallen 17% over the past 30 days, losing its $100 billion market cap and currently sitting at $90.6 billion. However, indicators such as BBTrend and ADX suggest a potential recovery in momentum. BBTrend is showing signs of weakening bearish momentum, while ADX indicates a decline in trend strength. SOL's price is currently trading within a range defined by a support level at $183 and a resistance at $194.99. If the $183 support fails, SOL could face additional bearish pressure, but if it breaks above the $194.99 resistance, it could open the door for further upward movement.
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