Solana has overtaken BNB to take 4th place in the rankings, but for how long?

Further Solana price movement indicates a strong uptrend supported by buyer interest. Before starting the uptrend, the SOL price found initial support at $182, which is the lower boundary of the daily price movement.

Another secondary support level was seen at $184, where the price experienced a brief consolidation before continuing to rise. Resistance is currently marked at $193, but now the SOL price has taken a step back along with bitcoin.

Recently, Solana's market capitalization rose by 5.37% to $89.5 billion, adding to the positive sentiment around the cryptocurrency. However, trading volume is down 18.83%, suggesting that buying pressure may be waning, leading to consolidation around resistance levels.

In a bullish scenario, if Solana breaks the $193-$194 resistance with high volume, it could continue its uptrend to higher resistance levels, potentially reaching $200. In a bearish scenario, if Solana fails to break above $193 and volume declines, the price could return to test support levels around $182.

Solana's current price is at $184, maintaining a weekly plus of 3.5%, with no change on the daily chart. In light of this fall, a return to the fifth line of the overall cryptocurrency ranking is likely.