Cryptocurrency traders remain bearish on Tuesday, withPolygon (MATIC) and Solana (SOL) both experiencing severe falls. MATIC saw a 3-day slide that took it to a 6-week low of $0.9633. Solana's decline also persisted, pushing it closer to a floor of $20.00.

MATIC's current dip is attributed to a breakout in the relative strength index (RSI). This sent it to its weakest reading since last June, and although the token managed to rise to an intraday high of $1.01, the present price of $0.95 appears to be the target of bearish traders.

SOL/USD's plunge to a two-week low at $20.92 could have been an attempt to break the support level of $20.00. As of writing, the RSI is tracking at 42.66, with a fall below the 42.00 mark promising an additional slippage for the token pair.

Countries around the world are still struggling to move past the pandemic, with the United States consumer confidence index falling below expectations to a reading of 101.3 in April. This has compounded to the unfavourable sentiment of the cryptocurrency markets and today's slides are results of this sentiment.

It seems investors should tread lightly when it comes to trading either MATIC and SOL, as the current market conditions are not overly encouraging, with both tokens displaying bearish trends. The performance of both tokens is key to understanding future market movements and if history is anything to go by, caution should be exercised.



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