Solana (SOL), which is among the fastest rising coins after Ripple (XRP) and Stellar (XLM), has fallen by 30 percent in a short time.
Many altcoins greatly appreciated on BTC’s $31,800 journey. Cryptocurrencies, which took flight with the effect of the news in Ripple, lost their power as BTC fell below $ 30,000. Solana (SOL), one of the fastest rising coins after XRP and XLM, has dropped 30.08 percent in just four days.
Solana (SOL) Graphic Evaluation
SOL, which made an upward move from $21.30, touched $32.14. The fact that this level was an important resistance point in the wide time frame brought the selling pressure behind it. SOL, one of the coins that gained the most value in the recent increase, except for XRP and XLM, experienced a 30 percent decrease in a short time. As of the writing of the news, the support levels for the major coin, which is traded at $ 25.15, are $ 24.07 – $ 22.32 and $ 20.45, respectively.
Positive news from the SOL ecosystem or BTC pricing above $30,000 will strengthen SOL. In this case, the resistance zones that can be followed on behalf of the SOL are 27.15 – 29.13 – 32.14 – 34.84 and 38.79 dollars, respectively. The decision zone in the price is $ 32.14. At this value, the buyer-seller struggle may get even hotter.
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