Solana Attempts Recovery, Chainlink (LINK) Shows Strength, WW3 Shiba Becomes New Favorite Memecoin

The ongoing downward trend in prices is causing traders to feel unsettled. Market shifts have prompted some Solana and Chainlink holders to diversify

Solana’s (SOL) native token is showing signs of recovery despite a bearish trend in the crypto market. On the other hand, Chainlink (LINK) is struggling to regain strength after a recent downturn. However, a new memecoin, WW3 Shiba (WW3S), has gained popularity among traders.

Solana’s Bearish Dip

Solana took another hit as the daily volume of the USDC stablecoin dropped a staggering ninety percent on June 27. This anomaly sparked immediate suspicion and traders questioned Solana’s authenticity. Many concluded that the volume could be manipulated by wash trading.

After a significant development earlier this week, when exchange-traded fund issuer VanEck filed to launch a product on the asset, Solana (SOL) token price rose 15% in a week over one early May.

Solana continues to reverse losses as the solana price analysis for the past week shows. SOL price action began to show signs of recovery on June 27 as the bulls made an attempt to push the price higher. The solana price initially encountered resistance at $138. However, the bulls managed to break through this resistance level and solana price began to rise rapidly. The bulls drove the price up to a high of $144.

Solana price then began to consolidate gains as the bears attempted to regain control of the market. The bears managed to push the price down to a low of $134, but the bulls quickly stepped in and solana price began to rise again. By the end of the day, solana price had risen by 15% to reach a closing price of $140.

Solana price opened the next day at $140 and continued to consolidate gains. The bulls made another attempt to push the price higher, but the bears quickly countered and solana price began to fall. The bears drove the price down to a low of $130, but the bulls quickly stepped in and solana price began to rise again. By the end of the day, solana price had risen by 7% to reach a closing price of $138.

Solana price began the following day at $138 and continued to consolidate losses. The bears made another attempt to push the price lower, but the bulls quickly countered and solana price began to rise again. The bulls drove the price up to a high of $144, but the bears quickly stepped in and solana price began to fall again. By the end of the day, solana price had risen by 4% to reach a closing price of $140.

Solana price opened the next day at $140 and continued to consolidate losses. The bears made another attempt to push the price lower, but the bulls quickly countered and solana price began to rise again. The bulls drove the price up to a high of $144, but the bears quickly stepped in and solana price began to fall again. By the end of the day, solana price had risen by 4% to reach a closing price of $140.

Solana price began the following day at $140 and continued to consolidate losses. The bears made another attempt to push the price lower, but the bulls quickly countered and solana price began to rise again. The bulls drove the price up to a high of $144, but the bears quickly stepped in and solana price began to fall again. By the end of the day, solana price had risen by 4% to reach a closing price of $140.

Chainlink’s Future Looks Bleak

The crypto market has been brutal for Chainlink (LINK) this month. After several weeks of dropping, Chainlink has seen a small recovery. A recent development shows that it has managed to rise above the support level of around $13.64. While other coins like this one are volatile and can suddenly pump higher, the bulls are bullish for the longer term as they expect to see it move out of this range.

At the time of writing, Chainlink’s native token LINK is trading at $13. As per the above information, the price has increased by 7% in the last twenty-four hours. During the same timeframe, Chainlink has seen a rise of 49.9% in trading volume and Chainlink’s market capitalization now stands at $8.

However, the market still seems to be largely bearish as the earlier observation shows. AMBCrypto investigation reveals that Chainlink’s token, LINK, has shown very few bullish signs over the past twenty-four hours, despite the optimistic projections for its price.

WW3 Shiba Is Best Memecoin To Buy Now

After catching the attention of retail traders, WW3 Shiba has cemented its place as a top new altcoin to watch for the second half of 2024. Fans of Web

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