Solana depreciated by almost 6% over the last 24 hours as the broader market started to get choppy. Bitcoin was seen trading below the $40,000 mark while Ethereum broke the support level of $3,000.
The global market currency cap stood at $1.94 Trillion after a fall of 6% over the past day.
Solana had depicted considerable recovery on charts as it broke subsequent price ceilings over the past week.
The coin had managed to revisit the $110 level which the coin hovered near thrice in the past week or so. Following the recent dip, buyers decided to exit the market as the coin witnessed a sell-off as seen on the four-hour chart.
Solana Price Analysis: Four Hour Chart
Solana is nearing its immediate support level on the four-hour chart. Image Source: SOL/USD on TradingView
Solana was priced at $100 at the time of writing. The altcoin lost close to 6% of its value over the last 24 hours. SOL had noted a sharp recovery on the 18th of April and it challenged its resistance mark ..
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