Sellers actively primed for more shorting gains, as SOL extended its bearish swing.
SOL sinks to year-lowSOL’s bearish slide has seen it break two support levels over the past ten days. The sharp downward move on 5 June took SOL below the $20 psychological level. Additionally, a retest of the $20 level ushered more selling pressure with successive bearish candles on the 12-hour timeframe. This saw SOL break the $16.66 support level.
Furthermore, the price found support at the $12.81 support level, although the rebound was short-lived. With the active presence of sellers, a retest of the $12.81 support level looks imminent. The Relative Strength Index remained firmly in the oversold zone with a reading of 28, as of press time. Additionally, the On-Balance Volume also maintained a bearish trendline restricting the prospects of a bullish reversal. The declining volume could be a result of theFor SOL bulls to get any form of advantage, the $16.66 resistance hurdle will need to be cleared along with a sustained bullish push by BTC. However, on the flip side, a retest of the $12.
France Dernières Nouvelles, France Actualités
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