Solana’s native token, sun
is traded at $ 140.46, 1.41% down over the last 24 hours after he recovered from a sharp fall of 4.9%, taking the price from $ 142.91 to $ 135.96, according to Coindesk Research’s technical analysis model. The asset has since stabilized between $ 140 and $ 142, with support formed at $ 140.40.
Solana’s ecosystem continues to grow with recent messages, including support for wrapped Bitcoin (WBTC) on the network. Analysts remain divided into the prospects, with some pointing to a potential step towards $ 200, while others expect a withdrawal to the range $ 123- $ 135.
Technical analysis highlights
- Sun fell 4.9% from $ 142.91 to $ 135.96 and established a 7.08-point trading area.
- The asset was recovered to form a consolidation pattern between $ 140 and $ 142.
- High volume support emerged up to $ 140.40 over 13:00 hour between 14:32 and 14:37, sun rose from $ 140.48 to $ 141.40.
- Sales of pressure pushed the price down to $ 140.32 and then to a session low of $ 140.29.
- A falling channel formed with lower heights and lower low -resistance to $ 142.65 uncovered price action twice.
- Concentrated sales volume occurred during the course of 15:10 candles, which suggest,
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
