Solana Cryptocurrency (SOL) has had a grand bearish trend from its highest historical price of $ 259.00 in September 2021 till it reached the low price of $ 8.00 in December 2022.

(SOL) is trading at the moment in a neutral correction trend direction at the area of $ 23.53

Otherwise, it did a great uptrend last month from the price area of $ 9.69 to $ 26.80 and did not able to hit the area of $ 35.00

Now is trying to confirm a strong support area at $ 20.00 in order to prepare for another jump high.

which means that it will continue following a none clear performance trend  (up or down) depending on the power of buying volume & the market flow, in general, to hit higher again or fall down to another support area.

Advice for beginners is to keep yourself on the right side until you trade with a clear uptrend direction matching the daily volume.

So let’s update the support & resistance areas that we will mention below & never hesitate to place a stop loss, as breaking these areas leads to other down areas

As we know each uptrend is followed by a downtrend & vice versa.

As Shown

The Chart Below

Support & Resistance:

Support: $ 19.68 - $ 14.24 - $ 12.85 >>> (strong area)

Resistance: $ 26.80 - $ 31.20

Finally, remember to Trade wisely as we advise buyers & traders to follow the nearest support areas,  

Important:

The result depends on our personal Vision which could be right or wrong

 We analyze the past to predict the future.