Solana Pull Back: What You Need to Know
Solana (SOL) is one of the most promising blockchain platforms in the crypto space, offering fast, scalable, and low-cost transactions. However, the SOL price has been experiencing a pull back.
Why is Solana Falling?
Solana is one of the most innovative and promising blockchain platforms in the crypto space. However, it has been experiencing a pull back recently due to various factors such as profit-taking, market correction, and competition. This could be a good opportunity to buy more SOL at a lower price if you believe in its long-term potential. However, you should also be aware of the risks involved and trade solana wisely.
You can see in the daily chart the candle is still touching upper band. Means still in the bullish phase and also above the 20DMA. No need to be panic just relax and let the people take their profits.
