The Solana market has fluctuated over the past week with little change in 24 hours. SOL decreased by 6% over the week. At this moment, Solana’s price isn’t moving toward the bearish territory or the bullish zone.
Technical outlook for altcoin is mixed. Broader market weakness could be attributed to the altcoin’s mundane price action.
Bitcoin fell below $20,000 and other notable altcoins followed suit.
Buying strength on Solana’s daily chart remains in the negative with chances of it dropping on its chart further. The bulls have also been working hard to maintain the $29 price.
SOL could be forced into a bearish hole if it falls below this level.
Solana’s prices have recently reached a bottom that is rounding, which has made buyers excited about the next price move. But, it was unable to keep the bullish anticipation. Today, the global cryptocurrency market is worth $1 trillion. 0.1%In the past 24 hours, there has been a negative shift.