Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The altcoin’s funding rate across all exchanges slightly improved but still stood negative.association with Sam-Bankman Fried propelled the altcoin to lose over 60% of its value in a matter of few days. Consequently, SOL slipped below the vital $27-$30 range to enter a relatively low liquidity zone.
If buyers depict inclinations to reject lower prices at the immediate support, SOL could gather some momentum to test the $17-zone in the coming sessions. The Relative Strength Index continued its sway in the oversold region for nearly a week now. A plausible reversal from this zone can aid the buyers in easing the selling pressure.
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