Biggest Movers: SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines – Market Updates Bitcoin News

Solana fell to a one-month low to begin the weekend, as cryptocurrency markets moved decrease forward of Christmas Day. At this time’s drop noticed the token fall for a fourth straight session, as market sentiment shifted bearish. Uniswap was additionally within the crimson on Saturday, with value falling for a second consecutive day.

Solana (SOL)

Solana (SOL) was within the crimson on Saturday, as costs moved decrease for a fourth straight session.

SOL/USD slipped to a low of $11.24 in as we speak’s session, which comes lower than a day after the token was buying and selling at $11.95.

At this time’s drop noticed solana fall to its lowest level since November 22, when value hit a low of $10.94.

solusd 2022 12 24 13 23 28 34485 SOL/USD – Every day Chart

As will be seen from the chart, Saturday’s decline got here because the 14-day relative energy index (RSI) broke out of a flooring at 34.00.

The index is at the moment monitoring at 31.79, with the following seen level of help on the 29.90 degree.

Ought to the RSI proceed to move thus far, it’s possible that solana will fall under the $10.94 degree, which was final seen 4 weeks in the past.

Uniswap (UNI)

Uniswap (UNI) additionally moved decrease to begin the weekend, because the token prolonged a latest bear run.

Following a excessive of $5.32 on Friday, UNI/USD fell to an intraday low of $5.20 on Christmas Eve.

The transfer led to uniswap touchdown on its long-term level of help, with bears prone to drive a breakout because the weekend matures.

uniusd 2022 12 24 13 15 17 38ab4 UNI/USD – Every day Chart

As of writing, the token stays marginally above its $5.20 flooring, and is at the moment buying and selling at $5.22.

Ought to this flooring be damaged, a doable goal for sellers will presumably be a flooring at $4.95, which was final hit in late November.

Do you anticipate uniswap to fall under $5.00 this weekend? Tell us your ideas within the feedback.

Eliman Dambell

Eliman brings an eclectic perspective to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. At present, he acts as a commentator throughout varied asset courses, together with Crypto, Shares and FX.

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