Ethereum

Solana

Bitcoin

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 <ul class="news-points"> 
 <li>SOL’s price dropped 1.16% over the past 24 hours and was trading at $28.40.</li> 
 <li>The altcoin’s price rebounded off of the key support level at $27.00 in the previous 2-3 hours.</li> 
 <li>A bearish candlestick was forming on SOL’s hourly chart, which could result in a short-term drop in SOL’s price.</li> 
 </ul> 
 The <a href="https://coinedition.com/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">price of Solana (SOL)</a> dropped slightly over the past 24 hours according to CoinMarketCap. At press time, the altcoin was trading at $28.40 after it fell by 1.16%. Despite the 24-hour decrease in price, SOL’s weekly performance remained firmly in the green at +32.30%. 
 The altcoin was, however, able to outperform the two market leaders <a href="https://coinedition.com/ethereum-vs-bitcoin-use-cases-technical-differences-scaling-issues/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) and Ethereum (ETH)</a> during the past day of trading. At press time, SOL was up 2.33% against BTC and was up 2.80% against ETH. As a result, 1 SOL was worth 0.0009299 BTC and 0.0146 ETH. 
 Furthermore, the daily training volume for SOL dropped more than 30%. The crypto’s total 24-hour volume stood at $1,680,294,882, which was a 32.01% drop compared to the previous day’s trading volume. 
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 <img decoding="async" width="1067" height="875" src="https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView.png" alt="" class="wp-image-307599" srcset="https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView.png 1067w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-300x246.png 300w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-213x175.png 213w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-380x312.png 380w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-768x630.png 768w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-478x392.png 478w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-85x70.png 85w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-109x89.png 109w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-174x143.png 174w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-543x445.png 543w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-301x247.png 301w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-293x240.png 293w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-201x165.png 201w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-257x211.png 257w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-226x185.png 226w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-99x81.png 99w, https://coinedition.com/wp-content/uploads/2023/07/Hourly-chart-for-SOL-USDT-Source-TradingView-91x75.png 91w" sizes="(max-width: 1067px) 100vw, 1067px"> 
 <figcaption class="wp-element-caption">
 Hourly chart for SOL/USDT (Source: <a href="https://www.tradingview.com/x/1uThLSXk/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>) 
 </figcaption> 
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 From a technical perspective, SOL had rebounded off of the major support level at $2… 
 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sols-price-rebounds-but-may-not-be-out-of-the-woods-yet/">SOL’s Price Rebounds, but May Not Be Out of the Woods Yet</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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SOL’s Price Rebounds, but May Not Be Out of the Woods Yet

Coin Edition

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