Solana's SOL price dropped 8% to $136.87 in 24 hours amid bearish market sentiment and crypto crash.
Solana's SOL price plunged 8% to $136.87 in 24 hours amid bearish market sentiment and a crypto crash, with trading volume surging 151%. The recent underperformance of SOL against the total cryptocurrency market cap suggests that its issues are more pronounced than the overall market's reduced interest in crypto. Several indicators, including on-chain activity and demand for leveraged positions, point to a likely continuation of SOL's bearish momentum, which could lead to a retest of the $130 level or lower.
June 18, 2024
3 Articles