Ethereum

Solana

Bitcoin

<ul>
 <li><strong>At the time of writing, SOL is trading at $66.09, down 6.42% in the last 24 hours.</strong></li>
 <li><strong>If the price manages to go above $68.9 level, then it will likely test $72.4 resistance level.</strong></li>
</ul>
<p>Solana and Bitcoin NFT collections have advanced this week, with Solana’s ecosystem coming in third after Ethereum. The Bitcoin network surpassed Ethereum in 24-hour sales volume on December 12th, according to statistics from the NFT data portal CryptoSlam. According to the numbers, the Solana network also has the third-highest 24-hour sales volume, at around $6 million.</p>
<p>Santiment, a crypto analytics company, has identified the recent influx of popular stablecoin USDT into cryptocurrency exchanges as a possible optimistic indication. As a result of trader apprehension, the company reports that Bitcoin (BTC) has been making a “mildly” comeback on exchanges this month.&nbsp;</p>
<p>The USDT exchange inflows, according to Santiment, have also mitigated the <a href="https://thenewscrypto.com/bitcoin-briefly-rebounds-after-finding-support-around-40550/" target="_blank" rel="noopener noreferrer nofollow">BTC</a> sell-off. Compared to six months earlier, the amount of Tether-issued stablecoin available on exchanges is currently roughly 7% higher.</p>
<h3 class="wp-block-heading" id="h-bears-striving-hard">Bears Striving Hard</h3>
<p>The crypto market has witnessed a sudden change of winds with bears striving hard to overcome bulls. Most of the cryptocurrencies have been trading in red including <a href="https://thenewscrypto.com/xrp-and-solana-lead-altcoin-surge-report-reveals-11-consecutive-weeks-of-inflows/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>.</p>
<p>At the time of writing, SOL is trading at $66.09, down 6.42% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 16.85%. The price climbed all the way till the $77 level on December 9. However, it faced severe selling pressure and bears pushed the price around the $65 mark.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/12/SOL_7D_graph_coinmarketcap-6.png" alt="" class="wp-image-87366" srcset="https://thenewscrypto.com/wp-content/uploads/2023/12/SOL_7D_graph_coinmarketcap-6.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/12/SOL_7D_graph_coinmarketcap-6-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>If the price manages to go above $68.9 level, then it will likely test $72.4 resistance level. On the other hand, if the price manages to go below $65 level, then it will likely test $62.6 support level.</p>

Solana Price Witnesses Severe Selling Pressure Amidst Bear Dominance

Table of Contents

TheNewsCrypto

Other articles published on Dec 13, 2023

Raoul Pal Issues Crucial Crypto Market Prediction, Shibarium Hits 90 Million Total Transactions, ...

Unlocking Leadership Success: The Power of Temporal Decision-Making

The VEIL Crypto Has Indicated A Sign Of Turnaround; Will It Rise?

What Should You Do to Find a Crypto Liquidity Provider in 2024

Bitcoin Threatens United States Cybersecurity? Luke Dashjr Reacts

Swarm launches permissionless platform for trading tokenized RWAs

Join our free newsletter for daily crypto updates!