Solana (SOL) Stuck Below $33 In Past Days As Bearish Pressure Still Intact
The price of Solana (SOL) has been unable to break out of a tight range between $32 and $33 during the past few days. As of this writing, SOL is trading at $32.72, down 16.5% in the last seven days – and around the same level it was trading Friday, data from Coingecko show, Monday. According to analysts, the lack of price movement in Solana suggests that the market is uncertain about the direction of the cryptocurrency. Suggested Reading | Litecoin (LTC) Drops Below $50 After Consistent Bearish Squeeze Solana Can’t Extricate Itself Past $33 The Solana coin’s....
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Despite the market condition, top currencies, Bitcoin and Ethereum, struggle to regain their values. On the other hand, some altcoins, AR, and NMR are showing a significant gain charm over 14-days. Since the Fed Reserve decided to raise interest rates and the May inflation report, Bitcoin has been floating in a small zone between $19,000 and $20,000. Thus, it is difficult for it to recover any significant upward pace. Related Reading | Solana (SOL) Stuck Below $33 In Past Days As Bearish Pressure Still Intact Bitcoin, the most valuable cryptocurrency, has dropped more than 70% in....
Solana continues to paint its charts in red, registering declines on its intraday, weekly, biweekly, monthly and year-to-date price metrics. Solana loses over 7% of its value over the last seven days SOL’s extended bearish movement will likely pull the asset below $25 Solana’s current TVL is less than a billion The crypto has already lost 89.3% of its November 6, 2021 all-time high (ATH) of $259.96 and is currently trading at $27.81 according to tracking from Coingecko at the time of this writing. Over the last seven days, the altcoin dropped by 7.4%. On a 14-day period, Solana declined by....
Solana price has been trading laterally as the altcoin has not been able to move past the $40 price mark. The altcoin has experienced a blow recently as thousands of wallets were drained of their assets owing to an exploit. The latest exploit had allowed hackers to drain the funds using private keys. After the attack on the network, Solana’s value swiftly dropped to $38. Solana price has now been stuck at the $40 level. The current support level for the coin stood at $40 and failing to stay on the aforementioned price mark, SOL could fall to $36. Bitcoin too has been consolidating at....
KuCoin utility token KCS has been in a sluggish condition in the last few days, as the major cryptocurrency exchange faces a flood of insolvency rumors. Tuesday’s CoinMarketCap statistics reveals that the price of KSC has decreased by 17.35 percent over the previous week, trading at $8.74 at the time of writing. According to certain sources, KuCoin had exposure to Terra’s doomed LUNA and UST cryptocurrencies as well as insolvent crypto hedge firm Three Arrows Capital. KuCoin is the fifth largest cryptocurrency exchange in the world, with a 24-hour trading volume of $927....
Bitcoin seems to be forming a new range around its current levels as the cryptocurrency moves between the $18,600 and $21,000 area. BTC’s price has seen some recovery during today’s trading session and might experience some volatility due to the U.S. Independence Day, July 4th. Related Reading | Solana (SOL) Stuck Below $33 In Past Days As Bearish Pressure Still Intact At the time of writing, Bitcoin trades at $19,500 with a 4% profit in the last 24 hours. Data from analyst Ali Martinez indicates an increase in Bitcoin holdings from addresses with 100 to 10,000 BTC. These whales have....