đ The price of Solana coin (#solana ) continued its decline amid the sudden decline in blockchain transactions#blockchain. that do not require review by auditors, such as Solana coin transfers between user wallets.
â This led many traders to believe that the season of Solana-based memes is over.
đAnd now all eyes are turning to the bullsâ continued efforts to support price stability above the support line provided by the 20-day moving average line, currently positioned at $156. âȘOther technical indicators confirm the need for Solanaâs price to stabilize above the $150 level, as the movements over the past four hours led to The price rose to exceed its 20-day counterpart line (DMA-20), with the Relative Strength Index (RSI) reading currently recording 54.99.
đŽBut market conditions do not appear to be favorable due to the shaking of confidence in the performance of the Bitcoin price #bitcoin and the decline in Solana transfers among traders on the blockchain, which raises questions about the extent to which the price of the #SOLđ„đ„đ„đ„ coin is able to exceed the $200 barrier by the end of the second quarter.