Solana’s price declined by a substantial 13.7% over the last 24 hours. The coin was trading at $138.91. At this price, SOL was trading at its one-week low. Nearest support line for Solana was at $125.95, the other price floor was at $93.20.
On the four-hour chart, the price of SOL was below the 20-SMA line; a reading that indicates momentum was with the sellers. The Relative Strength Index was below the 40-mark, highlighting selling pressure. Red signal bars were seen on Awesome Oscillator. MACD also flashed red histograms.
On the flip-side, SOL may attempt to retest the $163.74 price ceiling. Additional price resistances were at $188.53 and $214.03 respectively.
Avalanche dipped 14.2% since the past day and was available for $61.86. AVAX broke its uptrend as it met with a sell off in the last 24 hours. Price of the altcoin was below the four-hour 20-SMA which suggested that price momentum belonged with the sellers. Immediate support line for the altcoin was at $55.40 and then at its one week low of $48.26.
MACD flashed red histograms. Relative Strength Index was below the half-line, inside the bearish zone. Parabolic SAR displayed dotted lines above the candlesticks denoting a downtrend.
In the event of prices recovering, AVAX may encounter resistance at $64.80 and then at $73.83.
LUNA plummeted 16.2% over the last 24 hours. The token was priced at $29.83. Support levels were at one-week low price of $25.93 and then at one-month low of $19.16.
Parameters all indicated bearish price action. Relative Strength Index was in the oversold zone near the 20-mark. MACD displayed red histograms. Bollinger Bands highlighted chances of price volatility as it displayed divergence.
In case of a price reversal, the first price ceiling that LUNA would encounter stood at $32.89. The other resistance lines stood at $38.27 and $43.46 respectively.
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