Solana has many trading pairs, but a few of them might just dictate where the altcoin market goes in the short term and the long term...
SOL/USD has recently faced challenges similar to other cryptocurrency pairs amid the broader market’s instability, dropping by 4.52% in the last 24 hours.In fact, at the time of writing, it was trading at $147.09, despite hitting a peak of $162 when the week began.
Similarly, SOL/BTC replicated this trajectory, suffering a 90% drop after achieving a new all-time high in 2021, followed by a 500% hike. If this historical pattern persists, SOL/BTC may face a major downturn which ETH/BTC is trading within by year’s end.AMBCrypto confirmed that such a correction would affect not only SOL/BTC, but also other SOL pairs like SOL/USDT and SOL/USD. These are more widely traded and thus, more vulnerable to similar declines.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana: Key metrics have the answer why SOL may never break its ATHSolana [SOL] may never break its all-time high of $260 which it hit in November, 2021.
Read more »
Solana slumps: Expert claims whale tricks behind the dropIf SOL closes a daily candle below the $122 level, there is a high possibility it could fall another 30% and reach the $77 level.
Read more »
Why Solana’s latest recovery of 15% may not lastA crypto analyst has recently predicted a potential price dip for Solana (SOL) despite its recent recovery.
Read more »
Bitcoin, Solana, DOGE affected by FED’s recent decisionDelayed interest rate decisions by the FED have been a norm but present a great opportunity for massive gains for crypto.
Read more »
Solana: Why selling your SOL holdings now might not be smartSOL recovery hinges on confidence in the Solana ecosystem which has surprisingly interesting data observed on Wednesday.
Read more »
Solana’s bullish trend: Analysts warn of possible bull trapSolana (SOL) surges 7.32% in 24 hours, but analysts warn of a possible bull trap amid mixed technical signals and ETF speculation.
Read more »