Solana (SOL), which has been dominating the market with its incredible increases for a while, started to receive consecutive sales.
SOL, one of the coins that kept pace with BTC’s rise process most quickly, came to the fore with an opposite price movement this time. The major coin, which started to retreat after hitting $68, managed to get a little reaction from its weekly opening price. How is the technical analysis progressing for the popular coin, which ranked second on the “Top Losers” list with a 12.82 percent loss of value in the last 24 hours?
The sharp rise had a heavy price!
SOL, which has been constantly moving upwards for weeks, retreated to $ 56 after the sale at $ 68. The news about the launch of FTX 2.0 and the rise of BTC had literally doped the SOL. However, BTC’s correction and relaxation to the $ 35,500 band and FTX’s risky transfer transactions created a danger on the major coin and naturally brought selling pressure.
A pause in Fud news or a move for BTC back towards $38,000 will ignite the SOL. In such a case, the levels that can be targeted are 59.64 – 63.91 – 68.30 and 72.07 dollars respectively. Scenarios such as the arrival of worrying news from the FTX front or the bearish trend of BTC may bring the SOL price to the weekly opening, $51.95 and $47.42, respectively.
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