- Solana oscillates around the level of $ 144.
- The daily soil trading volume jumped more than 13%.
The brief decline in the market capitalization of cryptography pushed to reach 2.95 billions of dollars. With the value of the fear and greed index standing around 49, the feeling of the market is neutral zone. The main active ingredients fluctuate between losses and gains, while Solana (soil) displayed a loss of more than 0.65%.
In the early hours, Solana exchanged a summit of $ 147.68 with a brief upward pressure. Finally, the Bears initiated a downward correction, reaching a daily hollow of $ 142.90. At the time of writing, Solana negotiated In the fork of $ 144.54, the market capitalization reaching $ 74.9 billion.
In particular, the daily soil trading volume increased by more than 13.66%, affecting $ 1.81 billion. In addition, the market experienced a value of $ 9.23 million in Sol liquidations in this period, according to Coinglass data.
Over the past seven days, Solana has been loss of 5.22%. The weekly hollow is at around $ 141. The brief bullish command sent the price to a weekly summit in the fork of $ 153.
Can Solana go to the bullish momentum?
The floor price table is in a lower motif, the red candle on. Assuming that the price of the asset could not increase over $ 146, powerful bears could wake up and trigger it to fall to 139.66. Further on to invite the cross of death.
Uplining, with the assets reflecting a bullish signal, the price could rise to the fork of $ 149.84. In the case of gold crossing training, Solana could lead the price to reach $ 156, starting an upward trend for more gains.
The MacD line and the floor signal line are adjusted under the zero line, involving a powerful bearish momentum, with the potential of a regular decrease trend. In addition, the CMF value of the assets, positioned at -0.23, stresses that the money rises from the assets. If sustained, this could confirm the drop in prices and volume.
The RSI of 42.32 indicates that the asset is in neutral to slightly bearish territory on the market. In addition, the BBP value found at -1.43 suggests that bears are dominant on the market. Even more, the more zero, the stronger the downward dynamics.
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