Solana (SOL) has failed to mirror the broader market gains, causing the SOL/ETH ratio to drop to its lowest level in six weeks.
was trading at $233, at press time, after a slight 1.5% drop in the past 24 hours. The altcoin has been underperforming, as it was the only coin among the top ten largest cryptos by market capitalization with a seven-day loss.
At the time of writing, the SOL/ETH ratio had fallen to 0.606 after bouncing from support at 0.058 on the four-hour chart. Buying activity remained scarce, as indicated by the falling Chaikin Money Flow , which has been making lower lows.
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