Solana price was off to a good start this week despite choppy market conditions. The bulls have tired out over the last 24 hours. In the past day, the altcoin fell by 3%. Solana prices have risen by nearly 6% in the last week.
The technical indicator continued to demonstrate that the bears were in control at press time. If buying strength continues to head in the same direction, then most of the coin’s weekly gains would be nullified.
The technical outlook for the coin was negative as the sellers took over at the time of writing.
The current support zone for the coin is between $33 and $26. If SOL falls below its current price level, then the bears will gain momentum on the chart.
With Bitcoin consistently wavering near the $19,000 mark, most altcoins also started to wobble on their respective charts and moved closer to their immediate support levels.
For Solana price to reach its next price ceiling, the demand for the coin has to increase on ..
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