Solana Price Analysis: SOL/USD battles resistance attempting to consolidate against $75

TL; DR Breakdown Solana price analysis is trading bearishly todaySOL/USD traded within a tight range between $71 – $74 over the last 24 hours. Solana Price Analysis: General price overview Solana price analysis is trading bearishly today after retracing 2.30 percent overnight to the $70 support. The scalability solution token could face further downsides below this level,f the support is weakened.  The cryptocurrency market is strongly bullish with majority of the coins posting over 5 percent record Gains in the last 24 hours. Market leaders Bitcoin and Ethereum gained 5.9 and 7.6 percent respectively. Cardano and Polkadot became the highest gainers with 17 and 11 percent increases on the daily chart. Solana price movement in the last 24 hours: Decreasing daily volumes According to today’s Solana Price Analysis, SOL/USD traded within a tight range between $71 – $74 over the last 24 hours.Trading volume decreased by 54 percent to $1.9 billion overnight. Meanwhile, the total market capitalization for Solana decreased by 1.89 percent to $20 billion over the last 24 hours.  Solana price analysis 4-hour price chart On the Solana price analysis 4-hour chart, Solana is consolidating enough buyers to build a support base around $72. This will make it easy for the bulls to prepare for another rally.  Solana price action for the last month’s had traded strongly within a bullish uptrend , remaining the ...