While the broader market struggled to ramp up a convincing rally to alter the bearish trend, Solana continued to show range-bound oscillation tendencies.
Over the past day, the alt saw a 5% setback, but the bulls were quick to reclaim the 61.8% Fibonacci support.
SOL continued its low volatility phase by finding an oscillation range between the $176 and $167-mark. Thus, the Squeeze Momentum Indicator still flashed black dots.
At press time, the alt traded at 171.3875. The RSI was at the 46-mark after finding a strong resistance near the half-line. Also, the DMI showed a bearish preference, but the ADX displayed a weak directional trend.
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