Bitcoin

Solayer Faces Bearish Pressure After 13.8% Drop: What’s Next for the Token?

  • Solayer is negotiated at $ 1.89 after falling $ 3.00, then bouncing 7.5% compared to a daily hollow of $ 1.61.
  • MacD remains at 0.1769 while RSI at 41.55 shows the first signs of recovery near support.

After a continuous increase, Sooryer (layer), a replenishment protocol and an accelerated blockchain by the equipment built on Solana Networks, recorded a sharp drop in the last 24 hours. During today's Asian negotiation session, digital assets opened its market price at $ 1.61 before moving on to current levels.

A more in -depth vision of the action of the Soleder market indicates that Solayer exchanged $ 1.89 after dropping 13.83% in the last 24 hours. However, the token trading volume jumped 92.08% during the same period, reaching $ 1.22 billion, indicating the sale pressure.

During the last week, the layer has experienced a downward trend that only recorded slight changes. To date, it should be noted that its market capitalization fell to $ 397.38 million, with an entirely diluted evaluation of $ 1.89 billion. Solayer opened the day slightly above $ 2, and the intraday summit was $ 3.40, after which the price dropped and touched a hollow of $ 1.61.

Then the crypto returned to $ 1.88, displaying a gain of + 7.50% during the day. This recovery follows the sharp decline, suggesting temporary stabilization. However, the RSI remains below the 50 criticism mark and the MacD continues to point out down. These readings indicate that prudence is always justified because the lowering momentum is not yet completely exhausted.

Sooryer recovers at $ 1.88, but MacD still flashes red

Depending on the current soleur trend, the MacD line is currently at 0.1769 while the signal line is higher at 0.3018, indicating a lower crossover. This negative divergence suggests that the sale pressure increases, which is confirmed by the deepening of red histogram bars, currently at -0,1248. The histogram tendency signals an enhancement increasing downwards, following a net price drop of more than $ 3.00 to a daily hollow of $ 1.6 marking more than 40% decrease in one week.

However, the RSI (relative force index) illustrates an image entirely different from potential recovery. The current RSI is 41.55 after having crossed the least of the neutral brand and considered to be on. This value means that the current sales activity could discharge and that the Bulls could arrive near this support brand of $ 1.70.

While the RSI refers to a possible price relief, the MacD always supports a lower perspective to Solayer. A break greater than $ 2.00 could confirm a recovery, but a sustained momentum above the signal line on the MacD is essential to change the wider trend again.

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