The crypto markets are in the red again, with the total market cap down more than 1% and trading volume shrinking in the last 24hrs.
Many of the top coins in the space are also down over the last seven days, although there are some notable exceptions that are performing well.
Solana (SOL)
Solana has followed a bearish trend in recent days and weeks, but the native SOL token could now be about to turn.
SOL dipped below $30 for the first time since June following the release of US Consumer Price Index data and, despite a mini-recovery earlier in the week, is still currently struggling to break out.
The Mango Market Hack - which saw $100 million stolen - also affected the price, with the dApp built on the Solana blockchain. The hack saw 30$ of Solana's Total Value Locked (TVL) wiped instantly.
Top SOL NFT marketplace Magic Eden also saw customers and creators leave after revealing they would make royalties optional.
However, TradingView trader Maikisch has offered some cause for...
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