Solana fell to a one-month low, The weekend the cryptocurrency market fell before Christmas. Today’s drop marks the token’s fourth straight decline as market sentiment shifts to bearish. Uniswap was also in the red on Saturday as prices fell for the second day in a row.
Solana (SOL) was in the red on Saturday as prices fell for his fourth straight run.
SOL/USD fell to a low of $11.24 in today’s session, less than a day after the token traded at $11.95.
Today’s drop has pushed solana to its lowest level since hitting his $10.94 low on November 22nd.
chart, Saturday’s drop broke the 14-day Relative Strength Index (RSI) It happened when Leave the floor at 34.00. The
index is currently tracking 31.79 with the next visible support point at the 29.90 level.
If the RSI continues towards this point, Solana is likely to break below the $10.94 level last seen four weeks ago.
Uniswap (UNI) also fell to start the weekend as the token extended the recent bear market.
Following Friday’s high of $5.32, UNI/USD fell to an intraday low of $5.20 on Christmas Eve.
The move will likely land Uniswap in long-term support and intensify the bear market as the weekend matures.
At time of writing, the token is just above the $5.20 floor and is currently trading at $5.22 It has been.
If this floor is breached, the target for sellers could be her $4.95 floor, which last hit in late November.
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