ℂ𝕣𝕪𝕡𝕥𝕠 ℚ𝕦𝕖𝕖𝕟 𝕄𝕦𝕤𝕒

06/21 06:14

Solana (SOL) continued trading downwards, extendin

Solana (SOL) continued trading downwards, extending its losses for a fourth consecutive day as the price slumped to $145. SOL ended the previous weekend with an increase of 1.56% and moved to $152. Bullish sentiment intensified on Monday as the price surged nearly 6%, crossing the 50-day SMA and $160 to settle at $161. SOL fell to a low of $156 on Tuesday before rebounding to register an increase of 2.44% and settle at $165. Price action turned negative on Wednesday, falling 2.48% to $161. Bearish sentiment intensified on Thursday as SOL fell over 5%, slipping below $160 and the 20 and 50-day SMAs to $152. The price plunged to an intraday low of $140 on Friday. However, it recovered from this level to settle at $148, ultimately registering a drop of 2.47%.

Price action remained bearish on Saturday, falling nearly 3% to $144. Despite the overwhelming selling pressure, SOL rallied on Sunday, rising almost 6% to reclaim $150 and settle at $153. It raced to an intraday high of $158 on Monday but lost momentum and dropped 1.52% to $150. The price declined on Tuesday, slipping below $150 and settling at $147. Sellers retained control on Wednesday as SOL dropped almost 1% and settled at $146. The current session sees the price marginally down as buyers and sellers struggle to establish control. If sellers retain control, SOL could slip to $140. However, if buyers regain control, the price could rebound to $150.

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