SOL declines on Tuesday, hitting a 12-day low of $35.28.
The move comes as sentiment in crypto markets turned bearish ahead of tomorrow’s FOMC meeting. Near protocol was also lower, dropping by as much as 12% today.Solana was in the red for the second day running, as prices moved closer to a key support level.
This recent downtrend in solana started exactly a week ago today, when the $47 price ceiling held firm, following an attempt from bulls to move to $50. That was the highest the relative strength index had tracked since early April, with previous bulls unable to sustain the pressure needed for further rallies.Near Protocol
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