Solana (SOL) Breaks Below $30 Support; Have Bulls Given Up So Soon?

SOL’s price struggles to hold above key support as price trades below the region of interest for more uptrend. SOL continues to struggle as prices get rejected in a downtrend price movement after losing support to bears. The price of SOL trades below $30 first the first time after a while as the price continues its movement below 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe. The price of Solana (SOL) hasn’t looked as strong as it should, as the price lost its key support and has tested this region on several occasions against tether (USDT). Although the uncertainty that surrounds the crypto market could be a huge factor as the price of Bitcoin (BTC) and other crypto assets such as Ethereum (ETH) have seen a slight setback in their price movement, the price of Solana (SOL) hasn’t seen its price show some sense of relief lately. (Data from Binance) Related Reading: Bitcoin Volatility Falls To Lowest Since Post-COVID Rebound Solana (SOL) Price Analysis On The Weekly Chart. Most projects have not fared well in the bear market, as most have seen more than 50% price declines, discouraging most traders and investors from stockpiling these assets. Despite massive support from great partnerships and a massive community that has continued to build and grow, the price of SOL has struggled to keep prices from falling as bulls were unable to defend key support zones. The last rally for SOL was a spe...