Source

Solana

Donald Trump

<ul>
 <li>Solana trading volume is down 11% in the past 24H</li>
 <li>Downturn interrupts streak; potential retest of $200 resistance.</li>
</ul>
Solana (SOL), one of the leading cryptocurrencies, has encountered a modest downturn in the past 24 hours, signaling a slight deviation from its recent upward trajectory. As of the latest data, SOL is down by 3% within this timeframe, accompanied by an 11% decrease in trading volume.&nbsp;
Last seven days, SOL has surged by a noteworthy 6.67%, reflecting its capacity to weather market fluctuations and sustain an upward momentum. The month-long performance paints a contrasting picture, with Solana witnessing a downturn of 19%, indicative of the volatility inherent in the <a href="https://thenewscrypto.com/donald-trump-seeks-crypto-enthusiasts-support-for-presidential-campaign/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape.
The recent dip in SOL’s <a href="https://thenewscrypto.com/solana-struggles-in-a-bearish-market-can-sol-hit-200/" target="_blank" rel="noopener noreferrer nofollow">price</a> trajectory, observed on the 7th of May, marked a temporary halt to its consecutive uptrends, characterized by a decline exceeding 3%. This resulted in SOL’s price hovering around $148, albeit slightly below its previous resistance level, which, if breached, could pave the way for a potential retest of the $200 price zone.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/V9nr9VVzmL-JPPelucvIFRzQSzcVB6ZSwybHZIL9Ol_56KCQ-b_tMb3zmRyUTShEN59kJUyGI9OFw7wPbGSxYqsizWYromW1lRYyMI1EE3-MusLMlUzI0mMJsJa1IEtTw6sRfBYgVXVKJ9LSG98Bfsw" alt="">
 <figcaption class="wp-element-caption">
 SOL Price Chart, Source :TradingView
 </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="h-will-solana-bulls-pull-rally">Will Solana Bulls Pull Rally?</h3>
At present, SOL is trading around $146, reflecting a marginal decline of less than 1%. Additionally, the Relative Strength Index (<a href="https://in.tradingview.com/chart/EJXIwxE9/?symbol=BINANCE%3ASOLUSDT" target="_blank" rel="noopener noreferrer nofollow">RSI</a>) indicates a weak bear trend, with SOL’s trading volume experiencing a decline from over $3 billion to approximately $2.4 billion at press time, as per data from <a href="https://twitter.com/santimentfeed" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>.
Analysts suggest that for SOL to regain its bullish momentum, key metrics such as trading volume and RSI indicators would need to exhibit higher figures, signaling renewed investor interest and market participation.
Finally, the performance of Solana remains under scrutiny, with investors closely monitoring its trajectory for potential buying opportunities amidst the broader market dynamics.
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Can Solana Bounce Back from Recent Declines And Hit $200?

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