Anxiety Soars Amid Altcoin Plummet to Record Depths

Solana, one of the top 5 cryptocurrencies based on market capitalization, experienced an 8% decrease in value over the last twenty hours, reaching a minimum price of $7.19, marking its lowest point in the past ten days, with trading volume showing a 17% increase. Its value has notably dropped by 20% over the previous month. Presently, Solana is encountering significant selling pressure, as indicated by a daily RSI of 32 and a 9-day EMA standing at $141, signaling a bearish trend. Key resistance levels are identified at $154 and $162, while possible support levels could be tested at $122 and $116.