Solana price enters correction territory after 80% monthly gains
SOL's bear flag setup sees its price declining to $21 by September 2022. Solana (SOL) ticked modestly lower on July 20 after testing a critical technical resistance, suggesting further pullback moves in the coming weeks.SOL price eyes 50% wipeoutSOL's price decreased by over 4% to $44 after failing to breach a multi-week ascending trendline resistance. Interestingly, this resistance level comes as a part of what appears to be a bearish continuation pattern dubbed the "bear flag."A previous test of the same resistance trendline in late June had preceded a 30%-plus price drop, illustrating a....
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The bulls have painted the market green, with most cryptocurrencies scoring impressive price gains in the last 24 hours. The ongoing market-wide rally has empowered most coins to recover their lost price gains, with Bitcoin adding over 6.57% in seven days. However, among the top coins, Solana scored the most gains, rallying over 10% in the last 24 hours. The gain places Solana (SOL) at the 10th position among top-gaining cryptocurrencies today. Solana’s current price rally comes after three consecutive days of price decline. Solana Price Action Over The Past Weeks Solana (SOL) performed....
The crypto market is buzzing with activity, and while Solana (SOL) continues to see incremental gains, it’s GoodEgg (GEGG) that’s stealing the spotlight. Despite Solana’s 2.1% price increase, GoodEgg (GEGG) has sold over 1.9 billion tokens in just two days, overshadowing many layer-1 cryptos in both excitement and potential. Solana’s Struggles Despite Price Gains Solana […]
With the market turning increasingly bullish, Solana continues to demonstrate resilience and upside momentum, holding strongly above the $200 price mark. As SOL’s price gains traction, key indicators are beginning to signal the potential for further upward movement in the short and long term. An Impending Move For Solana To $275 And $300 Solana has […]
SOL price is 87% down from its all-time high, but do improving fundamentals strengthen its investment thesis? The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is on that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying Solana (SOL) at its current value. Data from Cointelegraph Markets Pro and TradingView shows SOL is down 87.5% from its all-time high and given the current state of the market, most price breakouts fail to....
Solana started a fresh increase above the $240 zone. SOL price is now consolidating gains below $240 and might aim for another increase if it stays above $230. SOL price started a fresh upward move above the $240 and $242 levels against the US Dollar. The price is now trading below $240 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $238 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $230 zone. Solana Price Consolidates Gains Solana price started a decent increase....