Solana Price Pullback Likely to Trigger Bearish Breakdown Toward $80 as Bounce Stalls

Three Things to Know Solana has posted the weakest return among the four largest majors since the start of October. SOL now trades under both its 50-day and 200-day moving averages, with sellers steering the trend. A daily close below the floor just under the Nov 2 low could open the door to the high $70s. Solana has fallen behind Bitcoin, Ether and XRP over the past five weeks. Its rebound since late October has been the softest of the group, and fresh buyers have yet to show up. That weakness leaves SOL exposed if the broader market turns lower again. Bitcoin is still testing its own recent lows.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Daily.