Solana

Solana (SOL) has remained bearish as the cryptocurrency faces a significant price decline. At press time, Solana’s price is <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">$134.92</a> which has decreased by 3.75% in one day. This comes after many months of volatile prices and unrelenting bearishness since March this year. Solana reached its high of around $200 before the beginning of the crypto market’s beginning. In August, the price was lower than $150 and since then, it is in a constant decreasing process.<h2 id="header-0">Ongoing Price Struggles and Market Sentiment</h2>Cryptocurrency analyst Nebraskangooner recently highlighted this decline, pointing to fractal patterns in Solana&#39;s price movements. He suggested that SOL’s price could continue following a repeating pattern of decline. This observation has added to market concerns, as many traders consider fractals a reliable indicator for predicting future price movements. Technical analysis shows that <a href="https://cryptotale.org/powerledger-joins-solana-advances-refi-sustainable-energy/" rel="noopener noreferrer nofollow">Solana</a> has repeatedly struggled to break resistance levels, particularly around $190. This has added to the selling pressure, with the price now struggling below key thresholds.The chart also contains the lines of moving averages that allow determining the price trend. A slower-moving average is above the current price indicating more bearish action. Also, trading volumes rose during price drops and failed rebounds. But, volume has decreased recently. This low trading volume matches Solana&#39;s falling price. It shows the market is skeptical of the Solana project.<a href="https://cryptotale.org/solana-price-drops-amid-centralization-and-market-concerns/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana Price Drops Amid Centralization and Market Concerns

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