Solana Price Analysis: SOL hits $119 and sets higher low on the daily chart

TL;DR Breakdown The SOL/USD pair is 2.28 percent up on our daily Solana price analysis24-hour Solana price range between $103 – $115The bulls are more focused on sustaining the $100 psychological support. The SOL/USD pair is 2.28 percent up on our daily Solana price analysis after a hectic day of bearish momentum. Bulls came out strongly to defend the $110 support and went ahead to steer a rally which was rejected slightly below the $120 price mark. Buyers are advised to anticipate a continuation of the 24-hour rally in the upcoming session as we approach the close of the day.  As of this writing, the general cryptocurrency market is bullish. The majority of the coins hae recorded daily gains of more than 3 percent. Bitcoin improved by 3.40 percent, while Ethereum is up by 8 percent. Polkadot and Cardano surged by 4.67 and 3.20 percent, respectively.  Solana price movement in the last 24 -hours: Wide range suggesting high volatility  We recorded a wide daily range on our 24-hour Solana price analysis between $103 – $115, which suggests increasing volatility.  The trading volume is down by 34 percent to a total of $7.5 billion, while the market capitalization rose by 1.30 percent to a sum of $33.28 billion. According to data from Coin Market Cap, Solana is position #4 among the top ten altcoins by market cap.  4-hour Solana Price Analysis: Bulls clearing path to $130 Solana is currently trading at $1...