Ethereum

Solana

Bitcoin

Daily

<ul> 
 <li>Solana began to show bearish candles in the last 24 hours experiencing a price dip.&nbsp;</li> 
 <li>The altcoin’s daily trading volume showed an increase of 34.35% according to CMC data.</li> 
</ul> 
The second-largest altcoin, Solana, has experienced a price dip in the last 24 hours. With prices having declined by 5.40% Solana reverted to its previous support level at $134 on Friday. This price movement occurred amidst the overall crypto market showing a decline in market cap by 1.41%.&nbsp; 
In the last 24 hours, Solana’s price initially showed a price increase and hit an intraday high of $146 momentarily. However, as the bears took over, the token showed a downward trajectory and slid down to current trading levels. Meanwhile, the SOL daily trading volume showed a hike of&nbsp; 34.35%. At the time of writing, Solana is currently trading at $135.70 according to CMC <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noreferrer noopener nofollow">data</a>.&nbsp; 
Zooming out, over the past week, Solana has shown significant signs of price recovery. The token’s weekly price performance shows a 5.91% increase indicating the bulls’ attempt to make a comeback. After the recent market crash at the beginning of July, the token indicates price recovery signals.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfwQXiUZP9hFFlh0TgikWDeDmlay_l8A3ZZ4pLEBhtLdH4qmx8Bh7eitLSR0b48bBWH4jBIVulC3s7pcu3-nub85Yq5zbmRtk8LKKQjenImlL4wQWqpCwQF6MHQ040kDvXesE-xzRrTa0tWKTWfU9MlwFua?key=X4eQP1Rc_vDz7vWCVchm5w" alt="">
 <figcaption class="wp-element-caption">
 SOL/USDT Daily Price Chart (Source: <a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
Moreover, the recent price drop signaled a selling pressure in the token as highlighted by its RSI standing at 45.76. Moreover, the past day price dip caused an MA crossover, indicating a bearish trend. Presently, the long-term 21-day MA stands above the short-term 9-day MA as per TradingView <a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">reports</a>.&nbsp; 
<h3 class="wp-block-heading" id="h-where-is-solana-price-headed-in-h2-2024">Where is Solana Price Headed in H2 2024?&nbsp;</h3> 
The altcoin finds itself in a bull-bear combat with prices consolidating at previous support levels. In order for the Solana price to witness a bullish rally, the token has to break its resistance at $142.37. The second resistance level for SOL would be at the $150.47 level.&nbsp; 
However, if the bears win the combat the token will fall to a support level of $134.58. In the instance of a continuing price dip, the token’s second support level would be at $128.66. 
Meanwhile, market analysts continue to hold an optimistic outlook towards the token’s price in the coming months. TheNewsCrypto analysts have <a href="https://thenewscrypto.com/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">predicted</a> a bullish price of $343.64 for Solana in 2024.&nbsp; 
Finally, as the market still combats to overcome the July price dip, leading cryptocurrencies have shown increased liquidations. Notably, <a href="https://thenewscrypto.com/is-eth-price-set-to-fall-as-ethereum-exceeds-bitcoin-in-liquidation/" target="_blank" rel="noreferrer noopener">Ethereum</a> has surpassed Bitcoin in liquidations.&nbsp; 
Highlighted Crypto News Today:&nbsp; 
<a href="https://thenewscrypto.com/will-the-german-governments-90-bitcoin-sell-off-affect-btc-price/" target="_blank" rel="noreferrer noopener">Will the German Government’s 90% Bitcoin Sell-Off Affect BTC Price?</a>

Will Solana Bulls Win the Combat Against Opposing Bears?

Mục lục

TheNewsCrypto

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