One Cryptocurrency Sustaining Below the Resistance Levels- Solana (SOL)

Cryptocurrency Report.

One Cryptocurrency Sustaining Below the Resistance Levels- Solana (SOL)

27 June 2024

| Read Time :5:00 Mins

SOL

Investment Type

Crypto

Risk Level

Action

Rec. Price (US$)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Solana (SOL) is a blockchain platform designed to run decentralised, scalable apps thanks to its smart contract feature. SOL has a market capitalization of ~USD 63.29 billion (as per TradingView as of June 27, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index declined by 67.02 points (~1.51%) to 4363.94 for the week ending June 21, 2024. In the current week starting June 24, 2024, the index is trading with negative momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bearish momentum for the current week.

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