The entire crypto market was amassing gains under the bull supervision. However, Solana [SOL], Polakdot [DOT], and Terra [LUNA] were seen moving in the other direction. These assets were enduring major losses while all the other assets were making most of the ongoing bull run.
Dogecoin [DOGE] was undoubtedly the star of the show with an 11.93% daily surge, the meme coin even climbed up the crypto ladder. Bitcoin [BTC] followed suit and plunged itself over $50K. $1 trillion market cap wasn’t too far for BTC.
Solana’s [SOL] track record has been extremely promising. With significant surges in its price, the altcoin not only rose in terms of price but was also seen shining with regard to market cap. At the time of writing, however, the coin was seen enduring a plummet. During press time, SOL was trading for $156.50 with a 6.22% drop over the last 24-hours.
Solana [SOL] one-hour price chart on Binance
The short-term price chart of SOL spotted an array of bears. The Awesome Oscillator indicator affirmed this notion by laying out sturdy red closing bars. The MACD line continued to remain below the signal line further prolonging its bearish crossover. Additionally, the Relative Strength Index indicator noted that SOL was being oversold.
Terra [LUNA] one-hour price chart on Binance
Just after Terra [LUNA] hit an all-time high, the asset was seen on a downtrend. At the time of writing, LUNA was trading for $42.33 with an 8.68% dip over the last 24-hours. After surging by 21% over the last seven days, LUNA’s latest downfall was saddening.
The one-hour price chart of LUNA mirrored that of Solana’s chart. The Awesome Oscillator indicator once again rolled out red closing bars alerting the presence of the bear. This was then followed by a bearish crossover by the MACD indicator.
Furthermore, the Relative Strength Index indicator, similar to SOL, noted that LUNA was being oversold.