Solana Technical View - Should You Buy This Dip?
Solana's native token (SOL) currently sits at number 5 with a market cap of $65.2 billion, facing a sizable gap to close against BNB, which has a market cap of around $85 billion.
Currently, the token is experiencing a dip, with its price moving below the $146 level. Recently, the crypto started an uptrend in the past week but failed to stay above the $150 level.
This came after a sharp April decline from its 2024 high of $210. The medium-term outlook for SOL appears bullish, maintaining an upward trajectory.
Solana's native token (SOL) currently sits at number 5 with a market cap of $65.2 billion, facing a sizable gap to close against BNB, which has a market cap of around $85 billion.
Currently, the token is experiencing a dip, with its price moving below the $146 level. Recently, the crypto started an uptrend in the past week but failed to stay above the $150 level.
This came after a sharp April decline from its 2024 high of $210. The medium-term outlook for SOL appears bullish, maintaining an upward trajectory.