Solana’s price declined by more than 8% in the last 24 hours. Several metrics were negative, but revenue and fees remained unaffected. The crypto market witnessed a major price correction over the last day, and Solana [SOL] followed suit. Along with most of the cryptos, SOL took a harder hit as its price declined by […]
2023-24For instance, SOL’s Chaikin Money Flow registered a decline, which was a bearish signal, indicating that SOL’s price may be subject to more corrections in the coming days.
The Money Flow Index also followed the same trend. And, considering the current market conditions, the graph might plummet further.A major red flag for Solana was that its downtrend was accompanied by a rise in trading volume, indicating that the decline was legitimate.
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