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Not keeping up with the recovery trend can have this impact on Solana
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In the last three days while the entire market has been on the recovery path, Solana has barely kept up, and did not recover even by the slightest. Yet, so far, it has somehow managed not to disappoint its investors.
Beginning 3 December Solana has been marking red candles throughout the week, which has caused the altcoin to drop by 18.65% to trade at $190. At the time of writing, $183 is critical support since the altcoin has already lost the 50 SMA (Simple Moving Average) as support.
And, the 100 SMA is actually coinciding with $183. Thus, both these levels are crucial in determining SOL’s movement.
In the past, a test of the 50 or 100 SMA has prevented the coin to drop further below under 200 SMA. However, should the case be for SOL to
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