Mr Zaib

06/17 18:10

Solana (SOL) lost momentum after starting the week

Solana (SOL) lost momentum after starting the week on a bullish note, falling 1.52% to $150 after reaching an intraday high of $158. SOL has struggled in recent sessions, spending most of the previous week in the red, with bearish sentiment peaking on Friday when the price fell to a low of $140.

SOL registered a sharp drop on Thursday (June 5), falling to a low of $141 before settling at $144. The price recovered on Friday, racing to an intraday high of $152 before settling at $147, ultimately registering an increase of 2.47%. Buyers retained control over the weekend as SOL rose 1.51% on Saturday and 1.56% on Sunday to reclaim $15 and settle at $152. Bullish sentiment intensified on Monday as SOL surged nearly 6%, crossing $160 and settling at $161. The price fell to a low of $156 on Tuesday. However, it recovered from this level to register an increase of 2.44% and settle at $165.

SOL raced to an intraday high of $168 on Wednesday before losing momentum and falling 2.48% to $161. Bearish sentiment intensified on Thursday as the price fell over 5%, slipping below $160 and settling at $152. SOL plunged to an intraday low of $140 on Friday as selling pressure intensified. It recovered from this level to settle at $148, ultimately registering a decline of 2.47%. Sellers retained control on Saturday as the price fell nearly 3% to $144. Bullish sentiment returned on Sunday as SOL rose almost 6% to reclaim $150 and settle at $153. The price raced to an intraday high of $158 on Wednesday before losing momentum and dropping to $150, ultimately registering a drop of 1.52%. The current session sees SOL marginally up as buyers and sellers struggle to establish control.

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