The move comes as sentiment in crypto markets turned bearish ahead of tomorrow’s FOMC meeting. Near protocol was also lower, dropping by as much as 12% today.Solana was in the red for the second day running, as prices moved closer to a key support level.
This recent downtrend in solana started exactly a week ago today, when the $47 price ceiling held firm, following an attempt from bulls to move to $50. That was the highest the relative strength index had tracked since early April, with previous bulls unable to sustain the pressure needed for further rallies.Near Protocol
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: