Solana (SOL) Price Falls to Lowest Level in 30 Days

BE[IN]CRYPTO06-17

Solana’s price has trended downward since May 21 and is now at a one-month low. Its key momentum indicators confirm the decline in demand from market participants. If demand continues to fall, SOL’s ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSolana (SOL) Price Falls to Lowest Level in 30 Days\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-17 17:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/solana-falls-to-lowest-level-month/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Solana’s price has trended downward since May 21 and is now at a one-month low.\nIts key momentum indicators confirm the decline in demand from market participants. \nIf demand continues to fall, SOL’s ...</p>\n\n<a href=\"https://beincrypto.com/solana-falls-to-lowest-level-month/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4129","symbol_name":"建筑与工程","start_time":0,"source_url":"https://beincrypto.com/solana-falls-to-lowest-level-month/","article_id":"2444151947","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2023/12/bic_-Solana_SOL_5-covers_bearish-850x478.png.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444151947","pubTimestamp":1718616405,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Solana’s price has trended downward since May 21 and is now at a one-month low.Its key momentum indicators confirm the decline in demand from market participants.If demand continues to fall, SOL’s price may fall below $140 to trade at $139.54.Solana  has been on a downtrend since May 21 and has formed a descending channel. Exchanging hands at $146.91 at press time, the altcoin currently trades at its lowest level in the last month.With its price trending close to the lower line of the descending channel, if the bulls fail to defend that support level, SOL’s price might plummet further.Since Solana began its downtrend on May 21, its value has fallen by 18%. It has since formed a descending channel, a bearish signal suggesting sustained selling pressure.Also, its Elder-Ray Index has been negative since June 7. This indicator measures the strength of bulls and bears in the market. When its value is negative, bear power is dominant in the market.","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4129":"建筑与工程","BK4150":"赌场与赌博","MFI":"移动财经","BK4127":"投资银行业与经纪业","BK4519":"光伏太阳能","SOL":"EMEREN GROUP","RSI":"Rush Street Interactive, Inc."},"translate_title":"Solana(SOL)价格跌至30天来最低水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MFI":1,"RSI":1,"SOL":1},"content_text":"Solana’s price has trended downward since May 21 and is now at a one-month low.\nIts key momentum indicators confirm the decline in demand from market participants. \nIf demand continues to fall, SOL’s price may fall below $140 to trade at $139.54.\n\nSolana (SOL) has been on a downtrend since May 21 and has formed a descending channel. Exchanging hands at $146.91 at press time, the altcoin currently trades at its lowest level in the last month.\nWith its price trending close to the lower line of the descending channel, if the bulls fail to defend that support level, SOL’s price might plummet further.\nSolana Bulls Have Support to Defend\nSince Solana began its downtrend on May 21, its value has fallen by 18%. It has since formed a descending channel, a bearish signal suggesting sustained selling pressure.\nThe upper line of this channel acts as resistance, while the lower line represents support. SOL’s decline in the past few weeks has caused it to trend toward support at $139.54 When an asset’s price nears a level where it previously found support, the bulls may step in to defend it.\nIf the bulls succeed and the support level holds, the asset’s price could rebound toward the upper line at resistance. However, if the support line is breached, it indicates a continuation of the bearish trend, leading to a further decline in the asset’s value.\nThe sentiment trailing SOL has remained significantly bearish, making it unlikely for the bulls to successfully defend the support. Since June 1, SOL’s weighted sentiment has been negative. As of this writing, the coin’s weighted sentiment is -0.28.\nSolana Weighted Sentiment. Source: Santiment\nThis metric measures the overall positive or negative sentiment toward an asset. When its value is negative, it suggests that the negative bias toward the asset is significant. \nFurther, SOL’s declining futures open interest confirms the negative sentiment among market participants. At press time, SOL’s futures open interest is $2.12 billion. It has fallen consistently by 18% in the past ten days. \nRead More: How to Buy Solana (SOL) and Everything You Need To Know\nSolana Open Interest. Source: Coinglass\nSOL’s futures open interest tracks the total number of outstanding futures contracts or positions that have not been closed or settled. When it declines, more traders are closing their positions without opening new ones.\nSOL Price Prediction: Selling Must Be Kept at Bay\nReadings from SOL’s key momentum indicators show an uptick in coin sell-off among market participants. For example, its Relative Strength Index (RSI) was 41.07, while its Money Flow Index (MFI) was 41.07.\nThese indicators measure an asset’s price momentum and identify potential buying and selling opportunities. At these values, they signal that buying activity is low. \nAlso, its Elder-Ray Index has been negative since June 7. This indicator measures the strength of bulls and bears in the market. When its value is negative, bear power is dominant in the market.  As of this writing, SOL’s Elder-Ray Index is -9.8.\nSolana Analysis. Source: TradingView\nIf bears continue to dominate the SOL market and selling pressure remains high, the altcoin’s value might fall under $140 to trade at $139.54.\nRead More: Solana (SOL) Price Prediction 2024/2025/2030\nSolana Analysis. Source: TradingView\nHowever, if the bulls re-emerge and buying activity returns to the SOL market, its price might climb toward $149.85.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444151947"}