Today, the performance of the cryptocurrency Solana (SOL) was neutral, according to CoinMarketCap's ranking. The price has fluctuated by a total of 1.74% over the day.

For a more accurate assessment of the current situation, it is important to take into account different time frames. At the hourly timeframe, an important local support level is located at $20.52. The bearish pressure is quite significant at this level and the price could drop below it if the candle closes close to it, triggering the break down.

On the daily timeframe, buyers don't demonstrate strength in comparison to sellers. The price is expected to hit the support at around $19.42. If the bearish pressure remains, the start of April could witness the price plummet to the next support level around $18-$19.

When looking at hourly charts, the support level of $19.68 prevented the price from falling further. If the situation doesn’t change, an upcoming drop to the support region located at $16 could happen in the near-term.

At the present moment, the price per SOL is $20.50.



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