Solana’s SOL has encountered a persistent obstacle in the form of the Simple Moving Average (SMA) throughout the month. This has only served to strengthen the prevailing bearish trend. Furthermore, the Relative Strength Index (RSI) has been unable to breach its neutral threshold, as its average has steadily declined. This development suggests a rise in selling pressure, propelling the RSI towards the oversold territory. These technical indicators accurately depict the difficulties SOL is currently confronting in the market. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.
