As the crypto market continues to crash, the top altcoins will emerge!
Solana Price Failed to Break Its Important Resistance Level
Despite the 2.85% increase in the SOL price over the past week, the SOL price has fallen by about 7% over the past day with a trading volume of $2.925 billion. Moreover, the SOL price has plummeted by 23.62% over the past month. This indicates that there is a long-term bearish sentiment in the market towards altcoins.
The Relative Strength Index (RSI) recorded a flat line below the neutral point after a sharp decline. However, the average trendline has experienced a bearish convergence. This indicates that the cryptocurrency market has mixed price sentiment towards altcoins.
Assuming a bullish reversal, in this case, the Solana price will be ready to retest its overhead resistance at $181.50 in the coming period.
On the other hand, if the bears continue to dominate the market, the SOL token price will fall to a low of $127.
NEAR price encounters selling pressure
Artificial intelligence (AI) tokens have been unable to regain momentum in the crypto space. This has caused the price of Near Protocol to fall by 9.89% in the past 24 hours.
《If you are still underwater and can't see the overall market trend, you will fall if you are bullish and rise if you are bearish. Follow my homepage clipping and share profitable codes for free every day》
It is worth noting that with a market value of $4.89 billion, it ranks 19th in the global crypto list.
The Moving Average Convergence Divergence (MACD) continues to decline in the green histogram. However, its average shows a continuous flatness. In addition, the RSI indicator has experienced a bearish trend. This highlights the uncertainty of the future price trend of NEAR price.
