Solana (SOL) Slips Toward Key Support While Markets Brace for Next Big Move

Solana fell for a second consecutive session on Tuesday, pushing the token to its lowest level in twelve days. The move comes as sentiment in crypto markets turned bearish ahead of tomorrow’s FOMC meeting. Near protocol was also lower, dropping by as much as 12% today. Solana (SOL) Solana (SOL) was in the red for the second day running, as prices moved closer to a key support level. On Tuesday, SOL/USD slipped to an intraday low of $35.28, which is the lowest level that the token has traded since July 14. The move pushed prices closer to a support point of $32.40, which has been in....

Solana was back in the red on Thursday, as the token fell towards a three-month low in today’s session. The decline comes as cryptocurrency markets fell lower, trading down by as much as 2.39% as of writing. Litecoin was a notable exception, climbing for a second successive session. Solana (SOL) Solana (SOL) was down by over 5% during Thursday’s session, as prices moved closer to a multi-month low. Following a high of $32.38 on Wednesday, SOL/USD slipped to a low of $30.51 earlier in the day. This decline pushes SOL closer to its floor at....

The crypto and legacy markets are increasing their correlation levels. The new asset class has been trading like a big tech stock for a while as the global markets seem to brace for the beginning of a tightening cycle. Related Reading | $240 Million In Crypto Futures Liquidates As Bitcoin Slips Below $39k The U.S. Federal […]

Solana failed to settle above $85 and extended losses. SOL price is now consolidating losses below $80 and might struggle to start a recovery wave. SOL price started a fresh decline below $88 and $85 against the US Dollar. The price is now trading below $86 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $81.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $78 or $75. Solana Price Dips Below $85 Solana price failed to remain stable above $85 and started a....

During the weekend, the entire cryptocurrency market saw a notable downward move, with the price of Solana losing the $200 mark in a swift and sudden pullback. Nonetheless, this sharp bearish move in price did not hinder the network’s on-chain activity, which continues to grow strongly. While Markets Crashed, Solana Network Stood Strong The Solana […]