Solana (SOL) recently rose to $30 and is currently experiencing a slight pullback. However, it has not yet reached the previous high level. To exceed the previous high level, it needs to close above the $32.30 level. Currently, the price of Solana is $28.97 and it needs to close above the $29.10 level to see a new rise. If a close below this level is seen, a pullback might occur.

If a pullback occurs, the first support level will be $26.59, which is the 0.618 Fibonacci level, and a drop to this level is possible. Closures below this level could deepen the decline.

At the moment, Solana is in a favorable position depending on the developments in Bitcoin. The indicators are also currently giving positive signals. However, if there are no negative news in the market, the rise is expected to continue.

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‣ Solana (SOL) The SOL/USD pair is trading at $29.04, up 7.36% at the time of writing. The resistance levels for SOL are between $31.30 – $32.30, and support levels are between $29.10 – $26.59.

Solana (SOL) Market Data

Market Value:$12.11 Billion (#7 rank)

Volume (Last 24 Hours): $1.01 Billion (#7 rank)

Volume / Market Value (Last 24 Hours): %9.32

Circulating Supply: 416.72 Million SOL

Total Supply: 560.56 Million SOL

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