Solana ($SOL) Sees Persistent Downtrend Despite Efforts to Bounce Back
### Solana ($SOL) Faces Sideways Movement Amid Minor Price Dip
Solana ($SOL) is currently navigating a phase of sideways movement, with its price registering a slight dip over the past 24 hours. Recent market data reveals that $SOL has experienced a 1.97% decrease in value, but the downtrend remains mild as the asset continues striving for recovery.
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#### **Solana ($SOL) Price Overview**
According to the latest market analysis, Solana ($SOL) is priced at **$126.21**, reflecting a **1.97% decline** over the last 24 hours. While this dip indicates a temporary slowdown, positive community sentiment remains strong, suggesting the potential for a rebound in the near future.
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#### **$SOL Key Metrics**
- **Market Cap:** $64,658,973,670.39
- **24-Hour Volume:** $2,160,582,633.25
- **Circulating Supply:** 512,295,363.84 SOL
- **Total Supply:** 597,388,092.88 SOL
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#### **Price Analysis**
At the beginning of the recent 24-hour session, $SOL traded around **$128.51**. However, subsequent declines pushed the price down to a low of **$124.65**. After a brief spike, it fell again to **$123.07** before recovering slightly to **$126.51**. As of now, Solana is trading at approximately **$126.21**.
Despite the minor **1.97% dip**, community sentiment remains largely bullish, with investors anticipating a potential recovery in the coming days.
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#### **Support and Resistance Levels**
- **Immediate Resistance:** $128.51
- **Second Resistance Level:** $147.05
- **Third Resistance Level:** $178.63
- **Immediate Support:** $123.07
- **Second Support Level:** $121.94
- **Third Support Level:** $113.18
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#### **Solana Price Prediction**
Considering the ongoing support from the Solana community, the recent **1.97% decline** is expected to be short-lived. Analysts predict that $SOL could potentially reach **$140.10** within the next month, marking an approximate **11.01% positive gain** over 30 days.
As market watchers continue to monitor Solana’s performance, optimism remains high for a strong recovery.