$SOL Price Movement: The current price is $145.40, reflecting a 2.89% decrease. The chart shows a recent sharp decline, followed by a slight recovery, but it remains below the recent high of $150.78.
Trend: The price has experienced significant volatility, with a notable drop from around $180 to the current level. Over the past 30 days, it’s down 14.65%, indicating a bearish trend in the short term.
Volume: A spike in volume accompanies the recent price drop, suggesting strong selling pressure. The volume SMA (Simple Moving Average) highlights this surge, which could indicate a potential reversal or continuation of the downtrend depending on future price action.
Support and Resistance: The current price is near a support level around $143.76 (24h low). If it breaks below this, the next support might be lower. Resistance is likely around $150-$152 if it recovers.
