Solana

Solana (SOL) is down 4% on Friday, extending losses below $80 and marking a nearly 10% decline so far this week. The broader cryptocurrency market is seeing heavy selling, with Bitcoin (BTC) diving below $70,000 and wiping out more than $1 billion in the derivatives market.

Top altcoins, Ripple (XRP), Cardano (ADA), and Solana (SOL), hold steady on Thursday, halting the prevailing decline linked to hot US inflation data and the post-US midterms period.

Ripple (XRP), Cardano (ADA), and Solana (SOL) struggle to find their footing after last week’s decline amid a decline in institutional investors’ risk appetite.

Solana (SOL) trades below $90 on Monday, ticking higher after over 3% losses below a long-term support trendline the previous day.

Solana (SOL) trades at a two-month low below $90.00 on Friday, following over 6% losses the previous day as the broader cryptocurrency market hit over $1 billion in liquidations.

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL) are trading in the green on Thursday, extending a steady recovery so far this week, driven by the post-US midterms relief.