{"id":539007,"date":"2023-06-21T20:00:21","date_gmt":"2023-06-21T20:00:21","guid":{"rendered":"https:\/\/wncen.com\/?p=539007"},"modified":"2023-06-21T14:50:53","modified_gmt":"2023-06-21T14:50:53","slug":"solana-bulls-must-overcome-this-resistance-to-avoid-a-10-plunge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/solana-bulls-must-overcome-this-resistance-to-avoid-a-10-plunge\/","title":{"rendered":"Solana Bulls Must Overcome This Resistance To Avoid A 10% Plunge"},"content":{"rendered":"
At present, the price of Solana (SOL) is showing signs of recovery from a corrective phase. However, to sustain the momentum, it is crucial for SOL to surpass a significant resistance level. In the past 24 hours, SOL has experienced a 4% increase in value.<\/p>\n
Over the course of the past week, the altcoin has displayed notable upward movement, gaining over 9%. Despite the recent price rise, the technical outlook for SOL still leans towards a bearish influence. Both the demand and accumulation for SOL have remained low, indicating a bearish sentiment.<\/p>\n
The volatility of Bitcoin, with its price reaching $28,900, has affected the overall market, including altcoins. Although some major altcoins have seen price appreciation, they are still struggling to break through immediate resistance levels.<\/p>\n