Solana’s SOL has been facing a steadfast barrier in the form of the Simple Moving Average (SMA), which has consistently acted as a resistance level since the start of the month. This has further reinforced the prevalent bearish trend. Additionally, the Relative Strength Index (RSI) has been unable to surpass its neutral point, with its average steadily declining. This decline in the RSI suggests a mounting selling pressure, driving it towards the oversold range. These technical indicators shed light on the obstacles SOL is currently encountering in the market. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.
