Solana price has attempted to revisit the $47 price mark again, Are The Bulls Back On Chart?

Solana price has endeavored to return to the $47 price mark once more and it is inevitable till the coin shows its best course of action. Over the past week, the coin rose by 14% and in the beyond one day there has been a near 3% increment in market value.

Solana price has attempted to revisit the $47 price mark again, Are The Bulls Back On Chart?

The coin has exhibited consistent recovery as of now. Right now bullish power has developed extensively on the market and it could push the price of SOL higher with sustained demand technical viewpoint for the coin stayed positive.

The live Solana price today is $47.15 with a 24-hour trading volume of $1,697,606,821. Solana is up 8.97% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $16,442,314,966 USD. It has a circulating supply of 348,706,644 SOL coins.

Source : CoinMarketCap

Explore SOL Price Statistics The price change in 24h is $3.93, 24 h low is $42.23, 24h High is $48.18 and overall Market Dominance is 1.40% with a Fully Diluted Market Cap is $24,123,907,945.93.

Solana's price previously in the past had not figured out how to break past the $44 price level. For SOL to at last break past that level, demand necessities to reliably go up. On the off chance that the coin doesn't stay over the $44 level, it would fall to trade close to its support zone. The global cryptocurrency market cap today was at $1.21 Trillion, with a 0.6% climb as of now.

Source: SOLUSD on TradingView

SOL was trading at $44.79. After various endeavors, the bulls were again endeavoring to move past the previous price level. Above obstruction for the coin remained at $46, despite, moving past the $44 price zone will itself be quite difficult for the bulls considering the bulls failed two times already.

Source: SOLUSD on TradingView

The Relative Strength Index was over the 60-mark meaning that purchasers surpassed merchants at press time as interest for the altcoin soared.

Solana's price was over the 20-SMA line and that implied buyers were dependable in driving the price momentum. SOL was over 50-SMA and 200-SMA signifying increased bullish momentum. 

Source: SOLUSD on TradingView

The previous week for SOL was very valuable to the coin. Throughout the past week, the bulls built up momentum which is the reason a push to the $44 mark was possible. Moving Average Convergence Divergence displays the price momentum and the reversals in the equivalent.

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