Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish – Market Updates Bitcoin News

At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today.Solana prices plunged during today’s session, which comes as bears have seemingly recaptured market sentiment.

Following a high of $22.90 on Thursday, SOL/USD moved to an intraday low at $20.20 earlier in the session. This drop resulted in the token hitting its lowest point since January 19, when solana last collided with a floor at $20.00.Since hitting a peak of 87.67 on the 14-day relative strength index back on January 13, price strength has consistently declined.

As a result of this, the index is now tracking at 44.21, which is its weakest point since January 2 when SOL was under $10.00. Ultimately, this has its positives, as longer-term bulls may see this as a sign that prices are gradually moving in the right direction.

Not just Sol and Ada, literally everything is dropping right now

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Are they Meme coin or have utility

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It's only down 3.9% since yesterday and down 6.5% for the week. That's pretty good for bitcoin (aka the hArDesT mOneY on the planet) these days.

More staking FUD Only thing SEC could argue is SaaS, not staking, was a security.

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