Solana’s native token, Sol
is traded at $ 140.46, a decrease of 1.41% in the last 24 hours, after repairing a sharp fall of 4.9% that cost the price from $ 142.91 to $ 135.96, according to the Coindesk research analysis model. The active has since stabilized between $ 140 and $ 142, with support for $ 140.40.
The Solana ecosystem continues to grow, with recent announcements, including support for Wrapped Bitcoin (WBTC) on the network. Analysts remain divided over the prospects, with what points to a potential step to $ 200, while others expect a retracement of the range of $ 123 – $ 135.
Technical analysis highlights
- Sol fell 4.9% from $ 142.91 to $ 135.96, which established a trading range of 7.08 points.
- The active recovered to form a consolidation pattern between $ 140 and $ 142.
- High volume support appeared at $ 140.40 during the 13:00 hour in between between 2:32 and 14:37, Sol rose from $ 140.48 to $ 141.40.
- The sales pressure pushed the price to $ 140.32, and then to a session of $ 140.29.
- A decreasing channel formed with lower highlights and lower low resistance at $ 142.65 covered price promotion twice.
- Concentrated sales volume took place during the 15:10 candle, which suggests that Bearish sentiment in the short term
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