SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In addition to this, AVAX saw a similar decline, as the token dropped for a fourth consecutive session, with prices moving below $20.SOL was lower in today’s session, as prices fell for a fourth straight session following a false breakout of the $40 level.
Despite today’s nearly 14% decline, SOL is currently only 3.9% lower than at the same point last week, when prices rose to a peak of $43. However, in order to reach this point, price strength will have to fall below the support point on the 14-day RSI of 42.30.AVAX was on a similar path to SOL on Wednesday, as prices also fell by as much as 14% in today’s session.
This drop saw the avalanche token fall for a fourth straight day, with prices now nearing its recent support point at $14.50.The recent bear run commenced on Sunday, when prices attempted, but failed, to break out of the $21.90 resistance level.
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