SOL Falls Under Bear’s Spell as Indicators Confirm Bearish Sentiment
- SOL faced a double-digit fall of 16.08% in just one week.
- The altcoin is currently priced at $20.99 witnessing a fall of 1.67% in 24 hours.
- Indicators signal that SOL would be under the bears’ rule.
Many major cryptocurrencies are facing double-digit falls over the week, including Solana. SOL, the native token of Solana, faced a tumble of 16.08% in just seven days. Moreover, SOL is currently trading at $20.99, after plummeting by 1.67% in 24 hours. Looking at the charts, SOL is currently trading in the red region and continues to fall. However, the question whether SOL will continue to fall or experience a trend reversal this week is yet to be analyzed.
The short-term and long-term trend, currently, has contradicting views when it comes to SOL. For instance, the candlesticks are trading below the 200MA, which is considered a bearish signal for the long term. Meanwhile, the MACD line is trading above the signal line, which confirms that SOL would experience a bullish trend in the short-term period. However, the short-term trend’s statement may not be accurate.
The MACD lin…
The post SOL Falls Under Bear’s Spell as Indicators Confirm Bearish Sentiment appeared first on Coin Edition.
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SOL Falls Under Bear’s Spell as Indicators Confirm Bearish Sentiment
- SOL faced a double-digit fall of 16.08% in just one week.
- The altcoin is currently priced at $20.99 witnessing a fall of 1.67% in 24 hours.
- Indicators signal that SOL would be under the bears’ rule.
Many major cryptocurrencies are facing double-digit falls over the week, including Solana. SOL, the native token of Solana, faced a tumble of 16.08% in just seven days. Moreover, SOL is currently trading at $20.99, after plummeting by 1.67% in 24 hours. Looking at the charts, SOL is currently trading in the red region and continues to fall. However, the question whether SOL will continue to fall or experience a trend reversal this week is yet to be analyzed.
The short-term and long-term trend, currently, has contradicting views when it comes to SOL. For instance, the candlesticks are trading below the 200MA, which is considered a bearish signal for the long term. Meanwhile, the MACD line is trading above the signal line, which confirms that SOL would experience a bullish trend in the short-term period. However, the short-term trend’s statement may not be accurate.
The MACD lin…
The post SOL Falls Under Bear’s Spell as Indicators Confirm Bearish Sentiment appeared first on Coin Edition.
Read More