SOL’s price bounces off key support of $10 as price rallies to a high of $14 as bulls feel a measure of safety. SOL’s price continues to look bearish with the market’s current state, as most traders and investors remain cautious. SOL’s price bounces from a low of $11 on the daily timeframe as the price looks weak, trading below 50 and 200 Exponential Moving Average (EMA) Solana (SOL) has had a rough start this month, with the price action not looking nice after suffering a drastic price decline from a region of $35 to $11 due to the FTX fiasco, which has had a more direct impact on the price. Despite the relief bounce from Solana (SOL), the price still trades below the key region of interest that would attract the attention of many buyers. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market is yet to make a major move leading to much fear about where the market could be headed. (Data from Binance) Related Re ..
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