Solana crashes by 7.6%: reaches the low of $ 166 - market shows bearish tendencies

Solana crashes by 7.6%: reaches the low of $ 166 - market shows bearish tendencies

Solana recorded price decline of 7.6%

In the last 24 hours, the Solana price has fallen by 7.6% and has reached a low of $ 166. The technical analysis of the daily charts indicates that the price is in a trend. This development could be a concern for investors and market observers, since the price increase in the previous days was apparently not stable enough to initiate a sustainable positive trend reversal.

The decline could be due to various factors, including market volatility and generally evil moods within the cryptocurrency landscape. Investors should therefore carefully observe the market developments and consider how the technical indicators could affect further price movements.

For investors in Solana, it is important to carefully analyze the markets and make sound decisions in order to minimize potential risks and recognize opportunities.