Solana, Chainlink, Enjin coin Price Analysis: 2 December
After a substantial sell-off, most cryptos touched their multi-week lows on 28 November. Now, as the bulls try to negate the selling pressure, Solana and Chainlink registered double-digit gains over the past four days.
Enjin coin, on the other hand, after defying the market trend, registered a 24.6% weekly loss.
Solana (SOL)
Source: TradingView, SOL/USD
SOL relished an upswing trajectory from mid-October until early November. It rallied by over 85% from 12 October to 6 November. With this upturn, the altcoin struck its ATH on 6 November.
Then, the price steadily declined in a descending channel as bulls failed to counter the sell-off. During the downfall, SOL lost over one-fourth of its value until it touched its one-month low on 28 November.
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