Solana, one of the leading cryptocurrencies in terms of market cap, experienced an 8% drop in the last twenty hours, reaching its lowest point in ten days at $7.19. However, trading volume increased by 17%. This decline is significant as Solana has seen a notable decrease of 20% over the past month. At present, Solana is under pressure from sellers, as indicated by a daily RSI of 32 and a 9-day EMA of $141, both pointing towards a bearish trend. Resistance levels are identified at $154 and $162, while support levels could potentially be tested at $122 and $116.
Altcoins Hit Record Lows Eliciting Heightened Anxiety
Date:
