Current price: the price fluctuates around $88 - $90.
Trading volume (24 hours): approximately $2.47 billion, indicating high activity and a 25% increase in liquidity compared to the previous day.
Liquidity and market capitalization: the total market capitalization is approximately $51.6 billion, making it the seventh largest globally among digital currencies.
📉 Support & Resistance
Solana is currently moving in a "battle" zone between buyers and sellers, here are the technical levels to watch:
1. Resistance levels (targets in case of an upward movement):
First resistance: $90 - $92 (breaking this level and holding above it is key to returning to positivity).
Second resistance: $95 (an important technical and psychological level).
Major resistance: $100 (regaining this number means a real change in the trend towards strong upward movement).
2. Support levels (protection areas in case of a downward movement):
First support: $84 - $85 (a nearby rebound area that the price has recently maintained).
Second support: $80 (a very strong psychological support level, breaking it could lead to a wider selling wave).
Third support: $77 (the last support point before entering a deeper correction).
🔍 Insight into liquidity and technical analysis
Relative Strength Index (RSI): it is around levels 42-46, which means that the currency is not in an "overbought" or "oversold" zone, leaving room for movement in both directions.
Institutional liquidity: there are ongoing positive flows through the recently launched Solana ETFs, providing a solid foundation for liquidity away from the volatility of small traders.
Trading advice: the current trend is "neutral" with a slight tilt towards optimism if the price settles above $88. It is always advisable to place a stop-loss order below the level of $84 if you are trading for the short term.