Biggest Movers: SOL, NEAR Fall Over 10% During Tuesday’s Session
Crypto markets were down across the board on Tuesday, as bears re-entered the market, following strong gains on Monday. SOL was one of the tokens to fall, as it lost just over 10% of its value. NEAR also slipped by over...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Crypto markets were down across the board on Tuesday, as bears re-entered the market, following strong gains on Monday. SOL was one of the tokens to fall, as it lost just over 10% of its value. NEAR also slipped by over 10% during the session.
Solana (SOL)SOL was one of the most notable tokens to fall during today’s session, as crypto markets fell victim to the latest bearish wave.
The world’s ninth-largest cryptocurrency dropped to an intraday low of $48.29 on Tuesday, following a peak of $54.25 the day before.
As a result of this move, SOL/USD fell marginally below its support level at $48.50, as bears triumphed for a second day in succession.
Prices of the solana token have now been consolidating for the past twelve days, following strong declines to start the month.
Looking at the chart, the Relative Strength Index (RSI) is currently tracking at a resistance point of 36.45, which hasn’t been truly broken since May 3.
As of writing, the index resides at 34.64, with its support point around the 33 region and SOL is now trading at $48.29, which is 9.87% lower than yesterday’s high.
NEAR Protocol (NEAR)NEAR was relegated to the #23 position in the cryptocurrency top 25, as prices fell by over 10% during today’s session.
Following a high of $6.44 on Tuesday, NEAR/USD slipped to an intraday bottom of $5.56 earlier in the day.
Similar to solana, NEAR has also moved back towards its support point of $5.60, which is relatively close to its 11-month low of $3.57.
Although bears might be keen to recapture those lows, prices are currently oversold, and are tracking close to a floor of 28.
With the 14-day RSI currently at 30, we could see a move towards the floor, however, bulls will likely use this as an ideal point to “buy the dip”.
Do you expect SOL/USD to fall further as the week goes on? Let us know your thoughts in the comments.
Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitcoin (BTC) Price Prediction: $73K Support at Risk as Benjamin Cowen Warns of NASDAQ Correction, Glassnode Shows Resilience
However, Glassnode data presents a more balanced picture, showing that spot trading activity remains above its August 2026 trough...
Samsung adds USDC support on Solana for 82M Galaxy devices in US
Samsung's USDC support on Solana could boost user engagement and transaction volumes, enhancing Solana's ecosystem and market pres...
Bitcoin whale that sold near $89,000 buys back 3,000 BTC at lower prices
The whale's strategic buyback suggests confidence in Bitcoin's current valuation, potentially influencing market sentiment and liq...
Bitcoin Slides to a Seven-Week Low Near $75,200 as AI Stocks Drag Wall Street Lower
Bitcoin fell about 5.9% in the 24 hours to 3 a.m. ET Friday, sliding from about $80,360 to $75,620 on Binance as a selloff in arti...
Bitcoin Price Trades Near $76,000 as Nasdaq Tumbles into Correction
Bitcoin Magazine Bitcoin Price Trades Near $76,000 as Nasdaq Tumbles into Correction Bitcoin price traded near $76,000 on Thursday...
Bitcoin Price Holds Near $75,000 After Hot October Jobs Report
Bitcoin Magazine Bitcoin Price Holds Near $75,000 After Hot October Jobs Report U.S. employers added 165,000 jobs in October, near...