The price of Solana (SOL) has experienced consolidation in recent trading sessions, particularly in light of Bitcoin’s inability to trade at $31,000. SOL remains below a significant resistance level that the bulls have struggled to overcome for several weeks. On the daily chart, SOL has depreciated by 1.4%. On the weekly chart, the price has…
Solana gained bearish momentum and traded below $15 against the US Dollar. SOL price might now struggle to recover above the $15 and $17.50 resistance levels. SOL price is showing bearish signs below the $20 resistance against the US Dollar. The price is now trading below $15 and the 100 simple moving average (4 hours).…
Solana gained bearish momentum and traded below $20 against the US Dollar. SOL price might now struggle to recover above the $20 and $21 resistance levels. SOL price is showing bearish signs below the $20.50 resistance against the US Dollar. The price is now trading below $19.80 and the 100 simple moving average (4 hours).…
The Solana (SOL) blockchain has recently witnessed a divergence in its on-chain activity and the number of new addresses joining its network. Despite an impressive surge in new addresses, SOL’s on-chain activity experienced a decline during May. Meanwhile, the asset’s price has also mirrored its on-chain activity as SOL has been in a downtrend in…
Solana started a downside correction from $24 against the US Dollar. SOL price might start a fresh increase if it stays above the $21.50 support. SOL price is correcting lower from the $24 resistance against the US Dollar. The price is now trading below $23.50 and the 100 simple moving average (4 hours). There was…
Solana is struggling below the $23 resistance against the US Dollar. SOL price could decline again if there is a clear move below the $20 support. SOL price is showing bearish signs below the $23 barrier against the US Dollar. The price is now trading below $22.50 and the 100 simple moving average (4 hours).…
Many investors are unsure what will happen to the Solana (SOL) price going forward after its recent 7 days decline of 13%. Will SOL make a strong comeback? Solana has emerged as one of the most popular blockchains in the cryptocurrency industry due to its fast transactions and expanding ecosystem. However, it had a rough…
Solana is facing its share of the bearish sentiment in the cryptocurrency market today. SOL has held above $20 since it jumped from $18 to $24 on January 14. However, the coin has seen a drop of 12.54% in price in the last seven days. Now, investors wonder if there are any signs of recovery.…
Solana is surging above $20 against the US Dollar. SOL price could extend its rally above the $26 and $30 resistance levels in the near term. Sol price started a fresh increase above the $20 and $22 levels against the US Dollar. The price is now trading above $22 and the 100 simple moving average…