• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Solana [SOL] and Terra [LUNA] drown in the red sea, while bulls decorate the entire market green
Solana

Solana [SOL] and Terra [LUNA] drown in the red sea, while bulls decorate the entire market green

October 6, 2021 by Sahana Kiran

The entire crypto market was amassing gains under the bull supervision. However, Solana [SOL], Polakdot [DOT], and Terra [LUNA] were seen moving in the other direction. These assets were enduring major losses while all the other assets were making most of the ongoing bull run.

Dogecoin [DOGE] was undoubtedly the star of the show with an 11.93% daily surge, the meme coin even climbed up the crypto ladder. Bitcoin [BTC] followed suit and plunged itself over $50K. $1 trillion market cap wasn’t too far for BTC.

Solana’s [SOL] track record has been extremely promising. With significant surges in its price, the altcoin not only rose in terms of price but was also seen shining with regard to market cap. At the time of writing, however, the coin was seen enduring a plummet. During press time, SOL was trading for $156.50 with a 6.22% drop over the last 24-hours.

Solana [SOL] one-hour price chart on Binance

Solana
Solana [SOL] and Terra [LUNA] drown in the red sea, while bulls decorate the entire market green 4

The short-term price chart of SOL spotted an array of bears. The Awesome Oscillator indicator affirmed this notion by laying out sturdy red closing bars. The MACD line continued to remain below the signal line further prolonging its bearish crossover. Additionally, the Relative Strength Index indicator noted that SOL was being oversold.

Terra [LUNA] one-hour price chart on Binance

Just after Terra [LUNA] hit an all-time high, the asset was seen on a downtrend. At the time of writing, LUNA was trading for $42.33 with an 8.68% dip over the last 24-hours. After surging by 21% over the last seven days, LUNA’s latest downfall was saddening.

SOLUSD 2021 10 06 12 31 16 1
Solana [SOL] and Terra [LUNA] drown in the red sea, while bulls decorate the entire market green 5

The one-hour price chart of LUNA mirrored that of Solana’s chart. The Awesome Oscillator indicator once again rolled out red closing bars alerting the presence of the bear. This was then followed by a bearish crossover by the MACD indicator.

Furthermore, the Relative Strength Index indicator, similar to SOL, noted that LUNA was being oversold.

Filed Under: News, Altcoin News, Market Analysis Tagged With: LUNA, solana, terra

Primary Sidebar

Recent Posts

  • Litecoin’s Confidential Transactions Lead to Warnings by Korean Exchanges May 24, 2022
  • The Intruder Who Visited Do Kwon’s Home Speaks to the Public May 24, 2022
  • eBay teams up with OneOF to release the first-ever “Genesis” NFT collection May 24, 2022
  • Gafisa, Brazil’s Real Estate Giant Embraces Bitcoin May 24, 2022
  • Crypto Lottery: Winner Takes All May 23, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.