Solana Stumbles At $100 Level As Bulls Recover The Market

A pricing analysis of Solana indicates As bulls attempt to regain the market, SOL prices begin the daily trading chart in a horizontal trend. As the market encounters resistance at the $100.5 level, solana prices are trading close to $100. Bulls will attempt to drive prices higher in order to reclaim the $101 level. If prices can be pushed below $99.5, the bears will be able to take control of the market. In the previous 12 hours, Solana prices have fluctuated between $97.10 and $100.54, with the cryptocurrency gaining 0.11%. Solana Recovers Above $100 As the cryptocurrency trades near to the $100.5 level, the bulls are encountering some resistance, but there is a lack of momentum for additional increases. The digital asset controls 1.84 percent of the whole cryptocurrency market, with a trading volume of over $1.2 billion. Related Reading | Bitcoin 401k? Fidelity Investments Says Yes SOL prices have a market capitalization of $33.4 billion, putting the cryptocurrency in sixth place overall. Solana prices are attempting to break through $100.0 in order to initiate a bullish surge that might return the cryptocurrency to $101. The next level of resistance will be $103, followed by the all-time high of $133.35.   SOL/USD 1-day price chart, source: TradingView After a strong surge towards the $101 mark, the daily price chart for SOL/USD shows that Solana prices are hunting for support. The market is now in a sideways tre...