Biggest Movers: SOL Slips 10% as Crypto Bears Return to Action – Market Updates Bitcoin News

SOL neared a ten-month low on Tuesday, as bears returned to crypto markets during the session. Following a strong start to the week, markets turned red, with AVAX being another token to fall victim to the latest red wave.SOL was back in the red on Tuesday, as today’s sell-off pushed prices closer to their lowest point since August last year.

Tuesday’s drop sent SOL back towards its long-term support point of $38.10, and slightly closer to its ten-month low below this floor at $35.50.Looking at the chart, the sell-off took place following a failed breakout attempt of the 39 level on the 14-day RSI indicator. So far, SOL bulls have fought off bears to prevent a full-on break of the $38.10 floor, however should relative strength continue to decline, then a breakout will likely occur.AVAX was another notable mover on Tuesday, as bearish pressure sent the world’s fourteenth-largest crypto token lower.

Like SOL, today’s drop in price saw AVAX/USD move to a support level, in this instance the $22.70 point.This level is also slightly above a ten-month low, which for AVAX is at $21.11, a low which came just over two weeks ago.

These are excellent candidates to allocate usdt to buy. Very promising projects.

SOL 2023 1000$ 💸💸💸

I'm just glad I don't have to participate in any of this bs, swapped all my sol for usdt and bought btc at recent dip. Same goes for luna

it works MATIC_GIVEAWAY

Don't miss MATIC_GIVEAWAY

POLYGON perfectly 🌠💯 Free Airdrop MATIC MATIC_GIVEAWAY

It moves, am positive it will go up. $PAW

Don't miss! MATIC_GIVEAWAY

Limited time offer! MATIC_GIVEAWAY

Don't miss! MATIC_GIVEAWAY

Thanks so muuuuuccccch for this gift MATIC_GIVEAWAY

Thanks so muchhhhhhh for this gift MATIC_GIVEAWAY

The craziest airdrop is live now! MATIC_GIVEAWAY

Don't miss MATIC_GIVEAWAY

Double your $Matic 👉🌏 MATIC_GIVEAWAY

Not so fine,but we move $PAW

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why the market gets nervous whenever the 10-year Treasury yield hits 3%There's a reason the stock market doesn't like higher bond yields, and it has a lot to do with the burgeoning levels of government debt.
Source: CNBC - 🏆 12. / 72 Read more »