- The SOL coin price is testing to stay above the 50-EMA during intraday.
- The 24-hour trading volume is at $2,581 billion.
- SOL/BTC pair is trading positive by 3.7% at 0.00357021 BTC.
Moving Average (EMA) In the SOL coin daily price chart containing 8,13,21,55 EMA, it is reliable support for currency price movements. Investors can find that price is trying to recover above the yellow line and guarantee an uptrend as long as prices are above the moving average.
The volume (410.0 K) is below the 20-day moving average (2.05 M). The volume is low, so the cost has been struggling for several days. Investors may also mark a decrease in volume. This indicates that unusual changes are normal on the following trading days.
SOL Coin Price Trend Looks Bearish For The Short Term
The daily price chart of SOL coin moves around the support zone. Depending on the price action, the support area is within $180. On the flip side, the resistance range to look for is around $265.
The RSI showed a signal of 43 (bearish) with a short-term sell sign. Investors may find that the indicator’s RSI line is running downside. A plunge can happen on future trading days.
The MACD shows a (bearish) cross below the signal line on November 11, indicating a sell signal for the currency. In addition, investors can see red bars in the histogram indicator.
Conclusion
Solana price today is $196.81 with a 24-hour trading volume of $2,581,792,647. SOL price is up 4.4% in the last 24 hours. It has a circulating supply of 300 Million SOL coins and a total supply of 508 Million.
RSI and MACD indicate a sell signal. Traders have directed low volume. In fact, the cost is near the support zone. A market overview also shows that this pattern will continue to plunge in the coming trading days.
Resistance Level: $265
Support Level: $180