Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines – Market Updates Bitcoin News

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

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💩 coins heading towards their instrinctive value of 0

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Solana is going to zero, sorry

Bye bye solana .RIP alameda and FTX

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