SOL FALLS 1.40% AS PRICE TESTS $116
Solana is trading around $116.70 on Binance, down approximately 1.40% over the past 24 hours. SOL opened near $118.36 and has weakened as sellers continue to pressure the market.
SOL reached a 24 hour high of $119.08 and a low of $115.26. The current price remains closer to the lower end of the range, indicating that short term selling pressure is still present.
Approximately 1.70 million SOL has traded during the past 24 hours, generating more than $198.8 million in total turnover on Binance.
The immediate resistance is around $119.08, while $115.26 is the key short term support. A move back above $118 could signal improving momentum, while a break below $115.26 would weaken the current structure further.
SOL is showing a cautious short term outlook as buyers attempt to stabilize price above the $115 area
#Macro Insights# $SOL
Solana is trading around $116.70 on Binance, down approximately 1.40% over the past 24 hours. SOL opened near $118.36 and has weakened as sellers continue to pressure the market.
SOL reached a 24 hour high of $119.08 and a low of $115.26. The current price remains closer to the lower end of the range, indicating that short term selling pressure is still present.
Approximately 1.70 million SOL has traded during the past 24 hours, generating more than $198.8 million in total turnover on Binance.
The immediate resistance is around $119.08, while $115.26 is the key short term support. A move back above $118 could signal improving momentum, while a break below $115.26 would weaken the current structure further.
SOL is showing a cautious short term outlook as buyers attempt to stabilize price above the $115 area
#Macro Insights# $SOL