Solana (SOL) Market Overview
Current Price: $147.48 USD
24h Change: +0.41%
24h High / Low: $149.25 / $145.01
Market Cap: Approximately $76.65 billion
24h Trading Volume: Around $4.33 billion
Circulating Supply: Approximately 518.9 million SOL
🔍 Technical Analysis
Trend: SOL is exhibiting a mild uptrend, with support near the 200-day EMA at $140.89.
Resistance Levels: Facing resistance at $149 and the 23.6% Fibonacci retracement level at $155.43.
Indicators: Short-term momentum shows weakening bullish pressure, with RSI around 40 and MACD crossing below its signal line.
📰 Recent Developments
Solana Name Service Event: An event titled 'The Kitchen' is scheduled for May 8, which may influence SOL's price depending on the announcements made.
📊 Market Sentiment
The market sentiment for Solana is cautiously optimistic. While the price is holding above key support levels, the resistance at $149 remains a hurdle. Upcoming events and broader market trends will play a significant role in determining SOL's short-term trajectory. $SOL