Today’s drop saw the token fall for a fourth straight session, as market sentiment shifted bearish. Uniswap was also in the red on Saturday, with price falling for a second consecutive day.SOL/USD slipped to a low of $11.24 in today’s session, which comes less than a day after the token was trading at $11.95.SOL/USD – Daily Chart
As can be seen from the chart, Saturday’s decline came as the 14-day relative strength index broke out of a floor at 34.00.Should the RSI continue to head to this point, it is likely that solana will fall below the $10.94 level, which was last seen four weeks ago.Following a high of $5.32 on Friday, UNI/USD fell to an intraday low of $5.20 on Christmas Eve.
The move led to uniswap landing on its long-term point of support, with bears likely to force a breakout as the weekend matures.As of writing, the token remains marginally above its $5.20 floor, and is currently trading at $5.22. Should this floor be broken, a possible target for sellers will possibly be a floor at $4.95, which was last hit in late November.Tags in this story
Great opportunity to spend more usdt on cheap $SOL
Is it worth spending some usdt on sol right now?
💩 coins heading towards their instrinctive value of 0
I'm willing to show 10 lucky people on how to earn 0.89 BTC ($15,000)and more daily. No withdrawal fee You don't get to send funds to anyone Interested please PM
Solana is going to zero, sorry
Bye bye solana .RIP alameda and FTX
I have over 300 cryptos just sitting. Put $5 on Mana within the last month. I'll wait til February😄. Its for life. No rush. Drop them 💩's 🤷♂️
Soylana was artificially pumped by sam bankman and his drones. Alameda was selling people's tokens to pump this garbage. And it's offline every other week. Easy short to $1
Brilliant, but using ChiefraFba for signals and analysis
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