SOL, ATOM decline on Saturday, as bearish pressure intensifies in crypto markets.
Looking at the chart, the drop comes as the Relative Strength Index failed to break out of a ceiling at 38.
Markets will now likely continue to move around the current support point, prior to any further rallies or possible declines.SOL fell to ninth in the list of most valuable crypto tokens in the world, as markets were once again red to start the weekend. Following a peak of $52.11 on Friday, SOL moved lower, hitting an intraday low of $48.05 in the process.leapfrog solana to be the eighth most valuable token, as prices dropped by over 7% in today’s session.Overall, prices are now trading closer to the long-term support level of $47, which is near a ten-month low.
Looking at the chart, the 14-day RSI is now hovering around 34, which is below a resistance point of 36. Should price strength continue to track this level throughout the weekend, it is unlikely that we will see any significant changes in price.
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