Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines

Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines  0

Solana fell to a one-month low to start the weekend, as cryptocurrency markets moved lower ahead of Christmas Day. Today’s drop saw the token fall for a fourth straight session, as market sentiment shifted bearish. Uniswap was also in the red on Saturday, with price falling for a second consecutive day.

Solana (SOL)

Solana (SOL) was in the red on Saturday, as prices moved lower for a fourth straight session.

SOL/USD slipped to a low of $11.24 in today’s session, which comes less than a day after the token was trading at $11.95.

Today’s drop saw solana fall to its lowest point since November 22, when price hit a low of $10.94.

Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines  1SOL/USD – Daily Chart

As can be seen from the chart, Saturday’s decline came as the 14-day relative strength index (RSI) broke out of a floor at 34.00.

The index is currently tracking at 31.79, with the next visible point of support at the 29.90 level.

Should the RSI continue to head to this point, it is likely that solana will fall below the $10.94 level, which was last seen four weeks ago.

Uniswap (UNI)

Uniswap (UNI) also moved lower to start the weekend, as the token extended a recent bear run.

Following a high of $5.32 on Friday, UNI/USD fell to an intraday low of $5.20 on Christmas Eve.

The move led to uniswap landing on its long-term point of support, with bears likely to force a breakout as the weekend matures.

Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines  2UNI/USD – Daily Chart

As of writing, the token remains marginally above its $5.20 floor, and is currently trading at $5.22.

Should this floor be broken, a possible target for sellers will possibly be a floor at $4.95, which was last hit in late November.

Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, SOL, Solana, UNI, uniswap

Do you expect uniswap to fall below $5.00 this weekend? Let us know your thoughts in the comments.

Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines  3 Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines  4 Bitcoin, Ethereum Technical Analysis: BTC Nears $17,000 Ahead of Christmas Day MARKET UPDATES | 7 hours ago Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines  5 Biggest Movers: ADA, XRP Rebound From Recent Losses on Friday MARKET UPDATES | 1 day ago

Image Credits: Shutterstock, Pixabay, Wiki Commons, Vladimka production / Shutterstock.com

Previous article

Bitcoin, Ethereum Technical Analysis: BTC Nears $17,000 Ahead of Christmas Day

Next article

Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimerShow comments

More Popular News

In Case You Missed It

Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines  6

Ripple CEO: SEC Lawsuit Over XRP ‘Has Gone Exceedingly Well’

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP “has gone exceedingly well.” He stressed: “This case is important, not just for Ripple, it’s … read more.

SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

Source

Updated: 12/24/2022 — 17:00

Leave a Reply

Your email address will not be published. Required fields are marked *

Btc news © 2021 Frontier Theme