📰 NEWS: Solana Slides 3% Amid Technical Breakdown!
What Happened:
SOL dropped 3% in 24 hours, underperforming the market's 2.45% decline, after rejecting the 30-day SMA at $132.66 and trading below key averages.
Impact on Crypto:
Increased Bitcoin dominance at 59% drives capital away from alts, heightening volatility.
Coins Affected:
$SOL at ~$124 (-3%), $BTC holding dominance.
Why It Matters:
For beginners, this shows how BTC strength can pressure alts like SOL, signaling caution in high-beta tokens.
Source: Binance Square, TradingView
⚠️ Not financial advice. DYOR.
Bearish on SOL short-term? 👇
