Ethereum

Solana

Coin

<ul class="news-points"> 
 <li>Although SOL initially slid to a 7-day low, it recovered while ETH also followed.</li> 
 <li>SOL exited the oversold region and is attempting to crossover to the bullish side.</li> 
 <li>If the AO continues to push for a positive value, then ETH may form a bullish structure.</li> 
</ul> 
Despite recent talks of an altcoin season, assets like <a href="https://coinedition.com/tag/solana-sol/" rel="noopener noreferrer nofollow">Solana (SOL)</a>, and top-ranked altcoin <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> have not lived up to expectations. According to CoinMarketCap, SOL previously hit a 7-day low on August 1 before its 24-hour recovery to $23.70 at press time. 
Like Solana, ETH also slipped for the third consecutive day, falling as low as $1,826 on the same day mentioned above. However, like two peas in a pod, ETH and SOL moved up the charts as the crypto market cap jumped to $1.18 trillion. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
 <img decoding="async" width="975" height="554" src="https://coinedition.com/wp-content/uploads/2023/08/image-2.png" alt="SOL and ETH 7-Day Performance" class="wp-image-325746" srcset="https://coinedition.com/wp-content/uploads/2023/08/image-2.png 975w, https://coinedition.com/wp-content/uploads/2023/08/image-2-300x170.png 300w, https://coinedition.com/wp-content/uploads/2023/08/image-2-308x175.png 308w, https://coinedition.com/wp-content/uploads/2023/08/image-2-380x216.png 380w, https://coinedition.com/wp-content/uploads/2023/08/image-2-768x436.png 768w, https://coinedition.com/wp-content/uploads/2023/08/image-2-690x392.png 690w, https://coinedition.com/wp-content/uploads/2023/08/image-2-123x70.png 123w, https://coinedition.com/wp-content/uploads/2023/08/image-2-157x89.png 157w, https://coinedition.com/wp-content/uploads/2023/08/image-2-252x143.png 252w, https://coinedition.com/wp-content/uploads/2023/08/image-2-783x445.png 783w, https://coinedition.com/wp-content/uploads/2023/08/image-2-435x247.png 435w, https://coinedition.com/wp-content/uploads/2023/08/image-2-414x235.png 414w, https://coinedition.com/wp-content/uploads/2023/08/image-2-290x165.png 290w, https://coinedition.com/wp-content/uploads/2023/08/image-2-371x211.png 371w, https://coinedition.com/wp-content/uploads/2023/08/image-2-326x185.png 326w, https://coinedition.com/wp-content/uploads/2023/08/image-2-144x81.png 144w, https://coinedition.com/wp-content/uploads/2023/08/image-2-129x73.png 129w" sizes="(max-width: 975px) 100vw, 975px"> 
 <figcaption class="wp-element-caption"> SOL and ETH 7-Day Performance (Source: <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>) 
 </figcaption> 
 </figure> 
</div> 
<h2 class="wp-block-heading" id="h-solana-sol"><a></a>Solana (SOL)</h2> 
SOL’s dip below $23 on August 1 represented its weakest fall since July 25. Although SOL rose high above $25.01 on July 30, the token has been subject to massive selling pressure. One of the stimulants of the plunge was the Relative Strength Index (RSI). 
From the 4-hour chart, the RSI fell below the buying support on July 31 when it was aro… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sol-eth-near-new-levels-will-the-bearish-streak-continue/">SOL, ETH Near New Levels, Will the Bearish Streak Continue?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

SOL, ETH Near New Levels, Will the Bearish Streak Continue?

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