Looking at the chart, the slippage came as the relative strength index , broke out of a floor at 39.00.Overall, the token is down 5.11% as of writing.Solana remained in the red, as the token extended its own recent declines to a third session.Monday’s drop in price has sent SOL to its long-term support point at $21.00, resulting in its lowest level since April 26.The token has rebounded from earlier lows, as the RSI found a floor of its own at the 44.00 mark.
As of writing, price strength is tracking at 44.57, with a ceiling at 49.00 a potential target for bulls. If momentum does rise, and more bulls reenter the market, that could lead to SOL climbing back above $22.00.Tags in this story
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