What’s Behind Solana Price Drop Today?

Quick Summary:

This price decline is due to several factors, including a drop in Solana’s network activity between October 16 and 17.

The Solana price is down over 4% today, just two days after reaching a weekly high at around $158.

He further claimed that the price had rejected the resistance at around $160, which could lead to a decline towards the support level at around $140 for a retest.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: Solana Price Altcoin News 24/7 Cryptocurrency News Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 20:11:30 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23109880

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 35 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Website Security: Secure (HTTPS)

Publisher ID: #59

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