#solana #SOLFI

Solana Shows Recovery Signals, Is the Altcoin Safe-Zoned from the $100 Support?

$SOL has factored in a modest price increase of 1.87% in the last 24 hours.

The altcoin’s daily trading volume has dropped by 18.62% as per CMC data.

to be an exception. After struggling for hours, Solana briefly showed bullish signs but once again retraced to the negative side of the spectrum. In the last 24 hours, the altcoin has recorded a modest price increase of 1.87%, as depicted in its daily price chart.

In the afternoon hours of March 12, SOL was trading at the $123 level. After bullish candles sparked, prices plummeted to an intra-day high of $130.65, but Solana failed to test the resistance. At the time of writing, the altcoin was trading at $126.24 as per CMC data.

Zooming out and looking at its weekly chart, SOL depicts significant bearish trends that resulted from the past week’s market crash. Its weekly price performance stands at a 16.08% price drop. However, this recent positive momentum might aid the altcoin in distancing itself from the $100 support.