The post This Altcoin Cannot Be Longed Anymore; Is Shorting Solana a Better Option Now? appeared first on Coinpedia Fintech News
After quite a long time, the Solana price has been stuck in a crucial range for a couple of days. While bears are slowly increasing their dominance over the rally, bulls are also utilising all their strength to keep up the bullish trend. Soon after plunging below $150, the rally seems to have taken a break, as no major variations are seen in the SOL price. The price is instead failing to defend the local support, which is raising the possibility of an extended bearish trend.
The SOL price is going through a corrective phase at the moment, with bulls and bears exhibiting equal pressure over the token, which has been witnessed in other similar altcoins. The price has been stuck within a range for a while now as the stochastic RSI has rooted along the lower support, failing to rise within the bullish range. Having said this, the price appears to b
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![Cosmos [ATOM] bulls fail to defend $10.6, here’s where prices can go by June](https://statics.ambcrypto.com/wp-content/uploads/2023/05/PP-1-cover-5-e1683699370553.jpeg "Cosmos [ATOM] bulls fail to defend $10.6, here’s where prices can go by June | Cryptostudent.io - kryptowaluty, blockchain, szkolenie, kurs Bitcoina")
