Coin Gabbar Token

The<a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" rel="noopener noreferrer nofollow"> SOL price made a few attempts to break through the $48 resistance zone</a>. However, the price failed to clear the $48 level and started a fresh decline.The pair gained ground below the $38 level. A low was formed near $33.73, and the price is now consolidating losses. On the upside, an immediate resistance is near the $36.00 level, as is a connecting bearish trend line.The 50% Fib retracement level of the decrease from the $48.09 swing high to the $33.73 low is also near to $40.80 and can act as a barrier. On the downside, an initial support level is near $34.20.The next crucial level of support is around $34. A break below the $34 support level could trigger a sharp decline. In the aforementioned scenario, the price may fall as low as $32. Any further losses may actually require a $30 test.According to the data, SOL’s trading volume dropped by 21.94% the previous day, while the market value increased by 1.53%. The Solana token’s share price has dropped to 2.17%, with a volume to market cap ratio of 0.07204.Solana’s daily candle started at $ 34.59 and made high at $35.12. Furthermore, SOL’s daily low was $34.45, and its current price was $34.90 at the time of writing.As the intensity of the MACD histogram decreases, the MACD line continues to remain below the signal line. The RSI indicator is near 40, indicating that sellers remain in control of SOL’s price movement. Solana’s price action is retesting the bottom area of the Bollinger Bands as bears continue to control the market movement of SOL.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f4db89961f9040deb7ff9a54c21c5dd2.png" />KEY LEVELS :RESISTANCE LEVEL : $36.00-$37.50SUPPORT LEVEL : $34.00-$33.00

Cryptocurrency price update: SOLANA PRICE ANALYSIS : Will the Bears be able to break through the SOL’s bullish channel line? Below $34

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