The broader market still struggled to recover from the dynamic flip towards the bearish side.
The bulls dwindled as the bears initiated a heightened sell-off at increasing trading volumes. As a consequence, altcoins like Solana and Chainlink hit their weekly lows on 18 November. Moreover, Ethereum Classic noted double-digit losses after striking its ten-week high on 9 November. Needless to point, the near-term technicals of these cryptos exhibited a bearish inclination.
Solana (SOL)
Source: TradingView, SOL/USD
SOL was on a patterned incline between the parallel channels over the past five weeks. The Smart Contract platform’s native token recorded an enormous 85% ROI from 12 October until 6 November. Consequently, the price struck its ATH at
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