Solana was up to a one-month low to begin the weekend, as cryptocurrency markets moved lower ahead of Christmas Day. Today’s drop saw the token succumb to a 4th straight session, as market belief moved bearish. Uniswap was also at a loss on Saturday, with cost succumbing to a 2nd successive day.
Solana (SOL)
Solana (SOL) remained in the red on Saturday, as rates moved lower for a 4th straight session.
SOL/USD slipped to a low of $11.24 in today’s session, which comes less than a day after the token was trading at $11.95.
Today’s drop saw solana fall to its floor because November 22, when cost struck a low of $10.94.
As can be seen from the chart, Saturday’s decrease came as the 14-day relative strength index (RSI) broke out of a flooring at 34.00.
The index is presently tracking at 31.79, with the next noticeable point of assistance at the 29.90 level.
Should the RSI continue to head to this point, it is most likely that solana will fall below the $10.94 level, which was last seen 4 weeks earlier.
Uniswap (UNI)
Uniswap (UNI) also moved lower to begin the weekend, as the token extended a recent bear run.
Following a high of $5.32 on Friday, UNI/USD was up to an intraday low of $5.20 on Christmas Eve.
The relocation resulted in uniswap landing on its long-lasting point of assistance, with bears most likely to require a breakout as the weekend develops.
As of composing, the token stays partially above its $5.20 flooring, and is presently trading at $5.22.
Should this flooring be broken, a possible target for sellers will perhaps be a flooring at $4.95, which was last hit in late November.
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