Solana (SOL) Rallies 1.41% Despite Prolonged Sell-off as Buyers Flood the Market
Published in
Dec 7, 2022
- Currently, the SOL market is favoring the bulls, with prices trending upwards.
- Solana prices were pushed lower by bears, but they eventually found stability around $13.63.
- A continuation of the bullish trend would be signaled by a break over the resistance level.
Bears initially had control of the Solana (SOL) market, sending prices down to a low of $13.63. Later in the day, however, a surge of buyers swooped in and reversed the bear trend, propelling SOL prices higher until they hit resistance at $14.32.
At the time of writing, SOL was valuing $14.09, up 1.41% from the previous trading day’s close.
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