{"id":498295,"date":"2022-08-10T13:19:34","date_gmt":"2022-08-10T13:19:34","guid":{"rendered":"https:\/\/wncen.com\/?p=498295"},"modified":"2022-08-10T13:19:34","modified_gmt":"2022-08-10T13:19:34","slug":"sol-fails-to-notch-new-60-day-peak","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/sol-fails-to-notch-new-60-day-peak\/","title":{"rendered":"SOL Fails To Notch New 60-Day Peak, Despite Recent Advances"},"content":{"rendered":"
Price movement for Solana (SOL) looks outright bullish but at the same time sluggish as it\u2019s unable to keep up with buyer demands.\u00a0\u00a0<\/span><\/p>\n
Solana is currently trading sideways forming an ascending triangle pattern. The 50-day EMA serves as its support level. Buyers were on a shopping spree last night which kickstarted the volume pumping it up at 140%.<\/span><\/p>\n
The bulls are in control of SOL price moving it higher, while the bears are trying to take over. Bitcoin\u2019s massive sell-off has impacted other altcoins including SOL. If the current momentum doesn\u2019t swerve in a specific direction, SOL could be stuck in between.<\/span><\/p>\n