THELOGICALINDIAN - Crypto markets were bottomward beyond the lath on Tuesday as bears reentered the bazaar afterward able assets on Monday SOL was one of the tokens to abatement as it absent aloof over 10 of its amount NEAR additionally slipped by over 10 during the session
Solana (SOL)
SOL was one of the best notable tokens to abatement during today’s session, as crypto markets fell victim to the latest bearish wave.
The world’s ninth-largest cryptocurrency alone to an intraday low of $48.29 on Tuesday, afterward a aiguille of $54.25 the day before.
As a aftereffect of this move, SOL/USD fell hardly beneath its abutment akin at $48.50, as bears triumphed for a additional day in succession.
Prices of the solana badge accept now been accumulation for the accomplished twelve days, afterward able declines to alpha the month.
Looking at the chart, the Relative Strength Index (RSI) is currently tracking at a attrition point of 36.45, which hasn’t been absolutely burst back May 3.
As of writing, the basis resides at 34.64, with its abutment point about the 33 arena and SOL is now trading at $48.29, which is 9.87% lower than yesterday’s high.
NEAR Protocol (NEAR)
NEAR was relegated to the #23 position in the cryptocurrency top 25, as prices fell by over 10% during today’s session.
Following a aerial of $6.44 on Tuesday, NEAR/USD slipped to an intraday basal of $5.56 beforehand in the day.
Similar to solana, NEAR has additionally confused aback appear its abutment point of $5.60, which is almost abutting to its 11-month low of $3.57.
Although bears ability be agog to anamnesis those lows, prices are currently oversold, and are tracking abutting to a attic of 28.
With the 14-day RSI currently at 30, we could see a move appear the floor, however, beasts will acceptable use this as an ideal point to “buy the dip”.
Do you apprehend SOL/USD to abatement added as the anniversary goes on? Let us apperceive your thoughts in the comments.
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