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SOL Bulls’ Effort Extinguish as Bears Pull Prices Down by 0.58%

Published 2022-12-13, 11:27 a/m
© Reuters. SOL Bulls’ Effort Extinguish as Bears Pull Prices Down by 0.58%

  • SOL Bears grab market trend, invalidating bulls’ attempt to reverse trend.

  • The prices have found support around $12.83 and resistance at $13.35 in the previous 24 hours.

  • Bears are expected to take the upper hand in the SOL market, according to technical indicators.

Solana (SOL) prices have retraced $0.47 to $12.94 as the bullish impetus in the market wanes. In recent hours, trade activity has increased amid a downturn, indicating that selling pressure has outweighed purchasing demand.

While market capitalization dropped by 0.34% to $4,747,673,280, 24-hour trading volume surged by 8.62% to $182,896,344.

The post SOL Bulls’ Effort Extinguish as Bears Pull Prices Down by 0.58% appeared first on Coin Edition.

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