Tuesday, March 28, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home Bitcoin (BTC)

SOL Gives Up 20% Gains, as FTX Declares Bankruptcy – Market Updates Bitcoin News

btclive365 by btclive365
November 11, 2022
in Bitcoin (BTC)
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Solana was up by as much as 20% on Friday, as the token rebounded following recent declines. The token which dropped by over 50% earlier in the week, surged today, as traders seemingly bought the dip earlier in the day. However, sentiment has since shifted following the news that FTX has declared bankruptcy. Polygon was a notable gainer, climbing by as much as 16% prior to the news.

Solana (SOL)

Solana (SOL) was one of today’s notable gainers, as the token rebounded following recent losses.

After falling to a low of $15.06 on Thursday, SOL/USD surged to an intraday high of $18.68 earlier in the day.

SOL was one of the most impacted tokens following the recent collapse of FTX and Alameda, however traders seem to have found an opportunity to buy the dip. Still, Friday’s gains have largely been wiped out, as news of FTX declaring bankruptcy emerged.

Biggest Movers: SOL Gives Up 20% Gains, as FTX Declares Bankruptcy
SOL/USD – Daily Chart

Looking at the chart, earlier gains have somewhat eased, as the relative strength index (RSI) of 14 days neared a ceiling.

The index is currently tracking at 38.36, marginally below a key resistance level of 40.00.

In order for SOL to climb closer to $28.00, which seems to be the target of bulls, this RSI ceiling must be broken.

Polygon (MATIC)

Polygon (MATIC) was also higher in today’s session, as the token edged closer to a key resistance of its own.

Following yesterday’s bottom of $0.9337, MATIC/USD raced to a peak of $1.15 earlier in the day.

The surge, which occurred earlier in today’s session, saw polygon near its long-term ceiling of $1.20.

Biggest Movers: SOL Gives Up 20% Gains, as FTX Declares Bankruptcy
MATIC/USD – Daily Chart

However, as of writing, the token has moved lower and is currently tracking at $1.04, as sentiment has somewhat shifted.

This appears to be a result of the RSI holding firm, with recent momentum not enough to break a ceiling of 57.20.

The index is now at 53.10, and seems to be moving towards a floor of 51.60, which could lead to MATIC moving back below $1.00.

Register your email here to get weekly price analysis updates sent to your inbox:

What else is behind this afternoon’s change in market sentiment? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Previous Post

Oryen Network Posting Massive Gain for Presale Investors, Can ORY Surpass Dogecoin and FTX?

Next Post

CySEC requested FTX’s European arm suspend operations prior to bankruptcy: Report

btclive365

btclive365

Next Post

CySEC requested FTX's European arm suspend operations prior to bankruptcy: Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Building Bitcoin Standard In Portugal – Bitcoin Magazine

November 9, 2022

USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment

December 1, 2022

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

How ZeroSync Hopes To Reduce The Costs Of Validating Bitcoin Nodes

March 28, 2023

How TMS Network’s (TMSN) Investors Are Making Millions? Even Mask Network (MASK) Holders Want To Jump Ship

March 28, 2023

Crypto 1 Announces Its $500M C1 Secondaries Fund in Blockchain, Crypto and Web3 Companies

March 28, 2023

Toncoin (TON), Algorand (ALGO), OKB and Collateral Network (COLT) set to surge in 2023

March 28, 2023

Recent News

How ZeroSync Hopes To Reduce The Costs Of Validating Bitcoin Nodes

March 28, 2023

How TMS Network’s (TMSN) Investors Are Making Millions? Even Mask Network (MASK) Holders Want To Jump Ship

March 28, 2023

Crypto 1 Announces Its $500M C1 Secondaries Fund in Blockchain, Crypto and Web3 Companies

March 28, 2023

Toncoin (TON), Algorand (ALGO), OKB and Collateral Network (COLT) set to surge in 2023

March 28, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

How ZeroSync Hopes To Reduce The Costs Of Validating Bitcoin Nodes

March 28, 2023

How TMS Network’s (TMSN) Investors Are Making Millions? Even Mask Network (MASK) Holders Want To Jump Ship

March 28, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In