Solana was one of Tuesday’s notable movers, as the token rebounded from losses to start the week. The move comes despite U.S. inflation figures missing expectations. Consumer prices came in at 6.4%, higher than the 6.2% many had forecasted. Tron rose for a fifth consecutive session on Tuesday.Solana rose by as much as 5% on Tuesday, as prices climbed back above a recent support level.
SOL/USD surged to an intraday high of $21.70 earlier in today’s session, which comes a day after trading at a bottom of $19.87. Today’s move saw the token reenter its $20.00 price floor, after a failed breakout attempt to start the week.Recent momentum in solana has been largely bearish, and comes following a downwards crossover of the 10-day , and 25-day moving averages.
However, bulls have moved to halt any further sell-offs, as the relative strength index maintained a floor at 42.00 As of writing, the index is tracking at 47.46, with the 50.00 mark the next visible point of resistance.
I hold $SOL in ownr and have no intention of selling
FantomFDN will beat solana in a few years i think 🤔
Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months
Totally agree, but I only use ChiefraFba for signals and analysis
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