Bearish Momentum Grips Crypto Market: SOL, TON, APT Tumble

Over the last 24 hours, the crypto market has experienced bearish momentum, with major cryptocurrencies like Solana (SOL), Toncoin (TON), and Aptos (APT) seeing notable declines.

Meanwhile, Bitcoin and Ethereum have also faced modest losses. However, they have held steady against their key support levels of $64k for Bitcoin and $3k for Ethereum.

Solana (SOL) Price Analysis

CoinMarketCap data reveals SOL began the day trading at $182.09, quickly rising to an intraday high of $183.98. However, this bullish momentum was short-lived as bearish forces soon took control, pushing the price down to an intraday low of $166.26.

Despite this setback, SOL has managed to stabilize and is currently holding above its key support level of $165. This could signal the potential for further gains soon. As of press time, SOL is trading at $169.33, marking a 6.92% decline over the past 24 hours.

Nonetheless, the token has yet to eliminate the bullish sentiment in the long-term trend. CoinMarketCap data reveals that SOL achieved a monthly gain of over 15%, with a modest 0.27% increase over the week. This performance highlights SOL’s resilience and potentia…

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