Close Menu
Cryprovideos
    What's Hot

    Mapping Bitcoin’s Bull Cycle Potential

    June 7, 2025

    Switzerland Opens Crypto Tax Vault To 74 Nations—Particulars

    June 7, 2025

    Singapore’s Tightening Crypto Laws May Power Companies to Relocate | UseTheBitcoin

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Solana (SOL) Worst Performing Asset Amongst Crypto Prime: What's Up?
    Solana (SOL) Worst Performing Asset Amongst Crypto Prime: What's Up?
    Altcoins

    Solana (SOL) Worst Performing Asset Amongst Crypto Prime: What's Up?

    By Crypto EditorDecember 10, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Solana (SOL) Worst Performing Asset Amongst Crypto Prime: What's Up?

    Cowl picture by way of www.freepik.com

    Disclaimer: The opinions expressed by our writers are their very own and don’t characterize the views of U.At present. The monetary and market info supplied on U.At present is meant for informational functions solely. U.At present just isn’t accountable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your individual analysis by contacting monetary specialists earlier than making any funding selections. We consider that each one content material is correct as of the date of publication, however sure affords talked about could not be out there.

    Among the many main cryptocurrencies, Solana has lately come below fireplace for having one of many worst efficiency data. Regardless of earlier indications of energy, Solana’s place within the cryptocurrency house is below risk, as current market dynamics have uncovered efficiency flaws.

    In line with a worth chart, Solana has damaged out of a descending channel indicating weak point. The asset fell sharply to the $216 degree, the place it at the moment finds non permanent assist after failing to carry its floor after making an attempt to consolidate close to the $240 vary. The asset’s incapability to maintain bullish momentum is highlighted by this notable worth decline, which has triggered many traders to doubt its precise energy. 

    Article image
    SOL/USDT Chart by TradingView

    The current cycle of meme coin booms and busts on its community is likely one of the elements contributing to Solana’s difficulties. Initially driving site visitors and exercise, the meme coin market proved to be extra of a double-edged sword. Quite a few meme cash have triggered instability as a consequence of their excessive volatility and speculative nature; some have even been referred to as scams.

    Associated

    Google’s New Quantum Chip Won’t Kill Bitcoin, Expert Says

    Investor belief within the community has been broken because of this, and it now seems much less reliable than rivals. Moreover, Solana could have given the impression of resilience with its prior rally. The asset was supported throughout its earlier ascent by elevated community exercise and hype, however the foundation of that development appears weak.

    Meme cash have sparked much less enthusiasm, elevating considerations concerning the community’s usefulness and wider uptake. Technically talking, Solana has speedy assist round $210, with further essential ranges at $191 and $170. The decline in Solana may be extra extreme if these ranges don’t maintain. 

    Recovering the $240 degree and breaking again above the descending channel could be essential for the upside to select up steam. Regardless of its previous potential as a top-tier blockchain, Solana’s current efficiency exhibits how troublesome it’s to carry onto that place within the face of fluctuating market circumstances and speculative bubbles. Because the asset makes an attempt to regain its footing, traders ought to proceed cautiously.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Switzerland Opens Crypto Tax Vault To 74 Nations—Particulars

    June 7, 2025

    Singapore’s Tightening Crypto Laws May Power Companies to Relocate | UseTheBitcoin

    June 7, 2025

    XRP Crashes 22% After Ripple-SEC Settlement Denied

    June 7, 2025

    Kiyosaki Pushes Bitcoin, Silver as Trump-Musk Feud Roils Markets | US Crypto Information

    June 7, 2025
    Latest Posts

    Mapping Bitcoin’s Bull Cycle Potential

    June 7, 2025

    Kiyosaki Pushes Bitcoin, Silver as Trump-Musk Feud Roils Markets | US Crypto Information

    June 7, 2025

    Metaplanet Targets 210K BTC With $5.4B Fairness Elevate – Bitbo

    June 7, 2025

    Bitcoin: Uber accelerates in direction of digital funds with stablecoin

    June 7, 2025

    Bitcoin Sees Adverse Funding On Binance – A Traditional Setup For A Quick Squeeze?

    June 7, 2025

    Bitcoin ETF Issuers VanEck, 21Shares and Canary Ship Letter to SEC

    June 7, 2025

    Metaplanet’s Bitcoin Wager Simply Acquired Greater—Right here’s What Modified

    June 7, 2025

    UK FCA Strikes to Permit Retail Bitcoin ETN Entry – Bitbo

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Finest Crypto Presales With 500x Itemizing Positive factors on the Playing cards: 7 Picks

    December 16, 2024

    Solana Worth Prediction: SOL Units A New All-Time Excessive On Coinbase As ETF Purposes Mount And This New Meme Coin Skyrockets 2,000%

    November 22, 2024

    How Dropping $100,000 in Crypto Ended Up Being the Finest Factor That Occurred to Me as an…

    February 11, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.