Despite being caught amid a bear market, Solana market analysis states that the token was able to hold above the $200 level. Analyst states the network’s utility has helped reduce selling pressure, allowing SOL to maintain its position near $200.
Contrary to the Solana market analysis that states that Solana held above $200, FET price fall was steep, dropping 26% in the past week as artificial intelligence tokens experienced broader market weakness. In a tragic scenario where token holders are struck with a dilemma of either holding or selling, BlockDAG‘s affiliate program which offers 5% instant USDT cashback seems to be gearing to be the top crypto for 2025.
The 1-hour SOL/USDT chart used for Solana market analysis shows that Solana was trading below its 20-period moving average, signalling bearish momentum. With constraint ng Bollinger Bands there seems to be less lower volatility.
Delving deep into the gain and loss of Solana market analysis, The Relative Strength Index indicator (RSI) is sitting at 42.19, showing slight bearish pressure, as it is heading downwards However, its subtle upward movement hints at a potential recovery.
Overall the SOL market analysis warns crypto investors to keep an eye on $200 as resistance and $185 as support. A breakout above or below either of these levels could decide Solana’s next move.
FET has seen a sharp decline, with the FET price fall amounting to 26% over the past week, market weakness spread across all AI tokens.
Currently, FET is trading at $0.776, showing a 2.145 % loss in the last 24 hours. With a market cap of $2.05 billion, the token has a 24-hour trading volume of $719.2 million and a circulating supply of 2.6 billion tokens.
Technical indicators suggest the FET price fall could continue, as the price is currently below the Golden Cross level of $1.002. The 50-day moving average at $1.2388 acts as a key resistance, while the immediate support stands at $0.7635. With more selling, the FET price fall may lead to a test of the psychological support level at $0.5000.
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Despite the market liquidations happening, Solana market analysis made a solid statement saying that the network’s utility was the main factor that saved Solana from a great downfall. Contrasting to Solana resilience, the FET price fall was quite deep, and the artificial intelligence token fell below the 50-day moving average.
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