- Solana faced a fall of 15.82% in just seven days, at the reporting time.
- The price of SOL is at $20.6 after witnessing a fall of 9.68% in just one day.
- Indicators give a strong indication that SOL could be under a bear’s grip.
Solana, also known as the “Ethereum-Killer” by the crypto community, has faced a fall of 15.82% in just seven days. According to CoinMarketCap, Solana’s market cap made it slip back to the eleventh position, just before DOGE, a meme-coin. SOL, the native crypto of the Solana network, is priced at $20.6 after witnessing a fall of 9.68% in one day, at the time of writing.
Also Read: Solana Price Prediction
4-hour chart SOL/USDT (Source: Trading View)
The four-hour chart of Solana shows that the price is below 200 EMA, which could indicate the start of a bear season. Moreover, the 50 EMA is moving toward the 200 EMA’s direction, if they intersect and form a death cross, this would confirm that SOL will be trapped in the bears’ lair for some time. While SOL had the most epic comeback, it is now struggling, as it remains in the Support 1 region of $20.
4-hour chart SOL/USDT (Source: Trading View)
When looking at the Rela…
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