Solana drops under $160, support marked by the 61.8% Fibonacci level as declines linger toward $150.
Axie Infinity embraces support at $120, while a daily close above $130 will pave the way for a formidable recovery.
Cryptocurrencies inched a notch higher on Tuesday, with Bitcoin retuning above $50,000 for the first time since early September. Ethereum lifted above $3,500 but still lags action to $3,600. Similarly, Dogecoin came out of slumberland following several failed attempts; the meme-based coin currently trades above $0.25.
Nonetheless, some crypto assets have not accrued as many gains as their peers, and Cardano falls in this category. As reported earlier, the smart contracts token is seemingly stuck in a wide range between$2 and $2.5.
Meanwhile, some tokens like Solana, Terra, and Axie Infinity are correcting mid-week in the wake of incredible gains observed in the last few days.
Solana:-
Solana is exchanging hands at $157 at the time of writing. Over the last 48 hours, this
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