Solana Slips To $209: Rising Bearish Pressure Threatens Key Support

Quick Summary:

Solana Nears The Critical $209 Support Level Recent price movements indicate that Solana is under significant downside pressure as it approaches the crucial $209 support level.

Related Reading: Solana Price On The Rise: Key Resistance At $235 Could Spark Major Breakout However, failing to hold above $209 could intensify selling pressure, potentially driving the price lower toward $194 as bearish dominance takes hold.

This downward trend in the RSI reflects the increased bearish influence on Solana’s price, aligning with its recent decline toward the $209 support level.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: RSI Relative Strength Index Solana Simple Moving Average Sol SOLUSDT SOLUSD SMA

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 16:30:33 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 74 lines

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Copyright Owner: © NewsBTC

News ID: 24512931

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