Solana dropped for a third consecutive session on Tuesday, as the token started the month of August nearly 5% lower. Overall, the global market cap was mostly in the red, dropping by 1.44% as of writing. Stellar fell to a one-week low, following a four-day losing streak of its own.
Solana (SOL)
Solana slipped for a third consecutive session on Tuesday, as the token dropped to a one-week low.
SOL/USD hit a bottom of $23.16 earlier in today’s session, which comes a day after price peaked at $24.38.
Tuesday’s low is the weakest point solana has hit since July 25, when the token traded under the $23.00 level.
One of the catalysts of this decline appears to be the relative strength index (RSI) falling below a support point at 51.00
At the time of writing, the index is tracking at 48.84, with the next visible price floor at 45.00.
There is a strong chance that SOL bears could push the token towards $20.00, should bearish momentum intensify.
Stellar (XLM)
Stellar (XLM) was another notable
We współpracy z: https://news.bitcoin.com/biggest-movers-sol-xlm-5-lower-as-bearish-streak-extends/
