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Solana (SOL) has missed out on the coveted $200 mark, currently trading at $188.77 as of writing. Despite its impressive growth in recent times, SOL’s price has taken a hit, plummeting almost 5% in the past 24 hours and an astonishing 27.15% from its all-time high (ATH).
Despite this downward momentum, Solana continues to dominate DEX trading volume for the third time in the last few months. This is a testament to the token’s resilience and appeal among market participants.
However, the Solana price action has taken on a bearish tone as indicated by the Relative Strength Index (RSI) reading of 38.64, which suggests that the bears have taken control of the market and prices may continue their downward trajectory.
Source: coinedition.com
