SOL slips on Thursday, moving towards a 3-month low below $30.00.
Solana was back in the red on Thursday, as the token fell towards a three-month low in today’s session. The decline comes as cryptocurrency markets fell lower, trading down by as much as 2.39% as of writing. Litecoin was a notable exception, climbing for a second successive session.Solana was down by over 5% during Thursday’s session, as prices moved closer to a multi-month low.This decline pushes SOL closer to its floor at $29.
The bearish sentiment seems to have carried into September, with the relative strength index still in oversold territory. As of writing, the index is tracking at 33.82, which is close to a floor of 32.32. Should we see this support hit, prices will likely recapture June’s low..
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