Conclusion
Solana price analysis for August 14, 2022, ends on a slightly bearish note for SOL with high chances of retesting $45.
Solana price analysis for August 14, 2022, comes on a slightly bearish note for the SOL coin as we can confirm that the prices have dropped by almost 2% in the last 24 hours and investors can expect the SOL token to drop further in the near future if the bulls fail to take control of the price action. Furthermore, we can aslo confirmed that the nearest resistance for the token stand at the $45 and $50 price region. The former one has been broken and now, is being retested as a support zone.
As noted in our SOL price analysis for August 13, 2022, the SOL coin has been holding strong above the $45 price level and the nearest minor support for the 9th biggest crypto in the market is $40 which has been holding for a considerable amount of time.
The data from CoinMarketCap shows that the trading volume for SOL dropped by 29.10% in the last 24 hours, followed by a 0.85% drop in the market cap. The Market Dominance of the Solana token dropped to 1.38%, while the Volume / Market Cap Ratio stands 0.06638.
The daily candle for Solana was initiated at a price of $46.59 and reached a daily high of $47.4. Furthermore, the daily low for SOL was seen at $46.05, while the price of 1 SOL at the time of writing was $47.
Solana price analysis from the daily chart for August 14
Solana price analysis for August 14, 2022, will take into account the data from the daily chart below and three major indicators integrated into.
Source: TradingView
The MACD line is moving away from the signal line and the histogram for Solana remains green.
The RSI indicator reads a value below 65 which confirms that SOL bulls are overall dominating.
The price action for Solana is retesting the upper region of the Bollinger Bands and higher prices might follow.
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December 15, 2025
December 15, 2025
December 15, 2025
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