Solana Hits Resistance At $179.38
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Solana’s price declined 2.12% on Wednesday, October 30th, closing at $174.57. It fluctuated within a range of $173.11 to $181.20 during the day.
The cryptocurrency has risen in seven of the past 10 trading days, resulting in an 8.94% increase over the last two weeks.
While trading volume decreased on Wednesday, this is generally considered a positive sign as volume should align with price movements. A total of 4 billion Solana tokens were traded for approximately $638.15 billion.
Solana is currently in a strong, upward trend. However, the recent price increase may present a short-term selling opportunity for traders, as a potential pullback to the lower end of the trend is likely.
A break above $179.38 resistance would signal stronger upward momentum.
