Solana (SOL) price is erasing most of the gains from January as headwinds were piling up throughout the week, with another element to be added almost every day. With the risk sentiment near full risk-off and several elements not to be binary, it doesn’t look easy to see any upside. Traders will need to brace for drastic price action and possibly more pain in the coming days and weeks.
Decentraland (MANA) price was nearly booking 13% of gains this week as suddenly sentiment changed overnight in the markets. With bulls being pushed out of their position, bears could pull the sheet in their camp and trigger a near 6% decline. With the market on edge over the situation in Ukraine and the US inflation number on Tuesday, a line in the sand is drawn between a bounce and an implosion.
Dogecoin (DOGE) price action is set to break its winning streak for 2023. where bulls were still able to snap a winning streak and eke out a win on the first week of February, that ship has sailed for this week. To make matters worse, there is not one element but a bulk load of elements that explain why Dogecoin price is losing over 10% value in just one week.
