Logo
Cardano Ecosystem

Crypto Breaking

02/10/2023

·

233 views


Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish | Crypto Breaking News

Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing...

Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish | Crypto Breaking News

coinmag

Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish

Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today.

Solana (SOL)

Solana (SOL) prices plunged during today’s session, which comes as bears have seemingly recaptured market sentiment.

Following a high of $22.90 on Thursday, SOL/USD moved to an intraday low at $20.20 earlier in the session.

This drop resulted in the token hitting its lowest point since January 19, when solana last collided with a floor at $20.00.

Since hitting a peak of 87.67 on the 14-day relative strength index (RSI) back on January 13, price strength has consistently declined.

As a result of this, the index is now tracking at 44.21, which is its weakest point since January 2 when SOL was under $10.00.

Ultimately, this has its positives, as longer-term bulls may see this as a sign that prices are gradually moving in the right direction.

Cardano (ADA)

Cardano (ADA) extended its own recent sell-off on Friday, with prices falling for a third straight session.

ADA/USD dropped to an intraday low of $0.3558 earlier today, which comes after prices peaked at $0.3896 on Thursday.

As a result of this drop, ADA slipped to its weakest point since January 25, breaking out of a floor at $0.3590 in the process.

Since falling from this point of support, ADA has somewhat rallied, with bulls moving to buy the dip in price.

This took place as the RSI leveled out at a floor of 46.70, with cardano currently at $0.3611.

If this floor on the indicator continues to hold firm, there could be a rally over the week, with bulls re-entering the market.

Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect cardano rally once today’s sell-off has ceased? Let us know your thoughts in the comments.

Source: Bitcoin.com

coinmag

Cryptocurrency news, blockchain news, markets news, cryptocurrency analysis, cryptocurrencies prices.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Crypto Breaking

ORIGINAL SOURCE

https://cryptobreaking.com/biggest-mover...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Crypto Breaking

See more
Nubank Announces Stablecoin Integration to Revolutionize Credit Card Payments
Crypto Breaking
Nubank Announces Stablecoin Integration to Revolutionize Credit Card Payments

09/18/2025

·

13 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)