No Trend Reversal Confirmation Yet as SOL’s Price Bounces Up -Breaking
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No Trend Reversal Confirmation Yet as SOL’s Price Bounces Up- Solana’s (SOL) price has increased to $90.27 in the last 24 hour.
- The current market cap of SOL is $30,186,940,234, ranking it number 6 on CoinMarketCap’s list.
- The daily chart does not show any confirmation that there is a trend reversal.
CoinMarketCap reports that the Solana price has gone up to $86.99 in the past 24 hours. SOL’s price has climbed 1.38% in the last 24 hours. SOL’s weekly performance has shown a drop of 5.26%.
The current market cap of SOL is almost $30 billion, ranking it number 6 on CoinMarketCap’s list. SOL’s trade volume dropped by 27.81% in 24 hours. The total volume traded is approximately $1,198.042,243.
SOL price rises after testing $80
SOL’s price bounced back after almost dipping below $80.00. After a brief consolidation, the SOL price rebounded. During that period, SOL’s 15 EMA moved below its 50 EMA. This signaled a bearish turn. The signal was confirmed by the price dropping to $81.00.
It appears that the bulls weren’t content to allow the price for SOL to fall below $80.00. This week was started with the largest volume from buy orders. The bearish movement of the 50 and 15 EMA seems to be separating from one another, but there aren’t any confirmations yet. The signals line for MACD as well as the EMA appear to be parallel.
A possible indication is the positive gradient in the MACD histogram, although there are no definitive proofs.
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