The article discusses the current state of Solana (SOL) price and its market cap. The price of SOL is currently trading 15% below its all-time high and its market cap has reached $107 billion, surpassing Xiaomi. The article mentions that despite a recent positive BBTrend indicating upward momentum, it has since weakened, suggesting a potential reversal in the trend. The DMI chart shows an increasing ADX, indicating rising strength in the trend, although negative momentum is still dominant. The article concludes that if the trend weakens further, SOL price could face declines and potentially test support levels as low as $215. However, if the uptrend regains strength, SOL could recover and rise to test resistance at $246.
- Content Editor ( beincrypto.com )
- 2024-12-09
Solana (SOL) Price Down 15% From All-Time High, More Declines Possible