Solana (SOL) has seen a 5% increase in price over the past 24 hours, bringing its market cap to around $117 billion and trading volume to over $6 billion. However, technical indicators remain mixed, with the Ichimoku Cloud showing uncertainty and the BBTrend in negative territory. SOL has been consolidating between $225 and $239, with closely positioned EMA lines suggesting indecision in the trend. The Solana Ichimoku Cloud setup presents a mixed outlook, with potential bearish sentiment indicated by the red cloud ahead. The BBTrend is currently negative, suggesting strengthened bearish momentum. A potential golden cross could lead to a breakout towards $272 and beyond, while failure to hold the $229 support could result in a deeper correction. The direction of SOL will depend on key technical confirmations in the coming days.
Content Editor ( beincrypto.com )
- 2025-01-30
Solana Market Cap Back to $117 Billion Despite Uncertain Trend Signals
