The last day of the week has turned out to be bearish for the cryptocurrency market.
Ethereum Classic (ETC) has followed the drop of most of the other coins, declining by 1.38%.
Ethereum Classic (ETC) is looking bearish on the daily chart as the price is returning to the recently formed support level at $18.82. If the bar closes around it or even below, the drop may lead to a test of the $17.72 mark within the next few days.
Ethereum Classic is trading at $18.90 at press time.
Solana (SOL) has lost less than ETC, going down by 0.83% since yesterday.
From the technical point of view, Solana (SOL) is trading similarly to Ethereum Classic (ETC) as the rate is about to touch the support level at $12.37.
Thus, the volume is low, which means that buyers are not willing to buy at the moment. Respectively, there is a high probability to see a drop to the $11 area soon.
SOL is trading at $12.72 at press time.