• 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] succumbs to the bear like every other coin
Solana

Solana [SOL] succumbs to the bear like every other coin

September 24, 2021 by Sahana Kiran

Drained in red, the crypto market was seen captivated by the bears. Solana [SOL], Binance Coin [BNB], Dogecoin [DOGE], Ethereum [ETH], and XRP were the worst hit assets. With major losses, these coins lost all the gains gained over the last couple of weeks.

Bitcoin [BTC] joined the altcoins in the downward rollercoaster. The king coin dropped to $41K with a 5.83% daily dip. Ethereum [ETH] with a 9.23% plummet in the last 24-hours, was well below $3K, specifically at $2,791, during press time. All the other coins mirrored this emotion, except for Cardano [ADA]. ADA noted a daily drop of just 2.30% as its price stayed over $2.

With all the coins being a victim of the bear, Solana [SOL] was seen steering away from its hot streak. At the time of writing, SOL was trading for $132.16 with an 8.78% fall over the previous 24-hours. The entire week seemed quite bleak for the asset as its journey of going over $200 was disrupted by the bear.

The altcoin climbed the crypto ladder this month. Not only its price, but the market cap of the coin also witnessed a breakthrough. Sealing a spot as the seventh-largest coin, SOL overpowered several coins like Polkadot [DOT] and Dogecoin [DOGE], despite being fairly new to the market. During press time, Solana’s market cap was at $39 billion.

Solana [SOL] one-hour price chart on Coinbase

Solana
Solana [SOL] succumbs to the bear like every other coin 3

The one-hour price chart of SOL witnessed the take over of the bear. The Bollinger Bands indicator suggested an increase in volatility at this time. The possible surge in volatility was identified by the disparity between the bands. Such a notion during this time wasn’t feasible as the SOL market was crowded with bears. The Chaikin Money Flow [CMF] indicator affirmed the presence of the bear as the CMF marker was below the zero median in the bearish arena.

The Relative Strength Index indicator revealed a sellers’ notion in the SOL market.

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

Primary Sidebar

Recent Posts

  • Binance Joins Hands With Kazakhstan to Develop a Crypto Framework May 26, 2022
  • Crypto Transfers in Thailand Will Be Exempt From VAT Until 2023 May 26, 2022
  • Exchanges Show Support in Assisting LUNA’s Revival by Listing the New LUNA 2.0 May 26, 2022
  • 29 Moonbird NFTs Worth $1.5M Succumbs To A Phishing Attack May 26, 2022
  • How to Play Craps at Crypto Casinos May 26, 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.