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Bears keep controlling the situation on the market, according to CoinStats.
The rate of Solana (SOL) has fallen by 1.48% over the last 24 hours.
On the daily chart, the price of SOL is about to close near the important support level of $17.43. If buyers cannot seize the initiative by the end of the day, the breakout may lead to a sharp drop to the $16 area. Such a scenario is relevant within the next few days.
SOL is trading at $17.68 at press time.
MATIC has lost more than SOL, going down by 3.5%.
From the technical point of view, the rate of MATIC is about to close below the level of $0.5089. If that happens, the midterm fall of the altcoin is likely to continue.
All in all, there is a high possibility of seeing a correction to the range of $0.45 until the end of the current week.
MATIC is trading at $0.5022 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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