- Solana has made clear a significant decrease in prices by 11.56 % in the past 24 hours.
- The daily trading volume in Altcoin increased by 81.71 %, according to CMC data.
The pioneer decreased in the Asian morning hours from January 27. While the movement was worrying, Bitcoin increased the bear market with a decrease from the level of $ 100,000. It is currently being traded at 98,000 dollars, causing more declines in Altcoins.
On the other hand, Altcoins maintained its difficult momentum.
However, Solana, one of Altcoins, has made her price movement to a large declining direction with a decrease of 11.56 % last day. In the afternoon of January 26, Sol was trading at an altitude of $ 256.
The aforementioned decrease has caused a decrease in the level of $ 225 for several months of upward movements. However, in the past hours, Altcoin tries to recover, with light escalating movements. According to CMC DataAt the time of writing this report, Solana was trading at $ 224.98.
This decrease over the past 24 hours, in the loss of Altcoin, has caused several support levels, including support, $ 240 and $ 230. He explains, to the weekly graph, that it shows a 15 % decrease, which highlights the effect of last day’s movements.
How will one day decline affect Solana?
When analyzing its technical indicators, the Solana price movement in the past caused a descending channel style. In the event that a rapid recovery is not seen, the Solana price may continue to decrease. Moreover, Altcoin’s mobile signal line approached a negative intersection below the MACD line.
Moreover, RSI also rose to 49.65, according to TradingView Data. This indicates the position of the sales market, highlighting the possibility of a further decrease. However, if Solana managed to overcome today’s decline, it may still have the possibility to run the bull in the coming months.
Meanwhile, other cryptocurrencies such as Bitcoin and Ethereum have resulted in homosexual trends.
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