As a seasoned analyst with years of experience navigating the volatile world of cryptocurrencies, I must say that today’s market correction is not entirely surprising. The crypto market has always been prone to such fluctuations, and it’s important for investors to remain calm and strategic during these periods.
Most of the cryptocurrencies are facing a correction today, according to CoinStats.
SOL/USD
The rate of Solana (SOL) has declined by 1.14% over the last 24 hours.
The cost of SOL hasn’t managed to surpass the $160 level. If the day ends close to $154 without a significant upward or downward spike, there’s a possibility that the price could drop further, potentially reaching the $150 range in the coming days.
SOL is trading at $154.8 at press time.
TON/USD
Toncoin (TON) is not an exception to the rule, falling by 0.87%.
On the daily time frame, the rate of TON is far from the support and resistance levels.
However, should the bearish pressure persist and the price approaches around $5.70, traders might observe a further decline towards the range of $5.50 to $5.60.
TON is trading at $5.792 at press time.
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2024-09-30 15:10