Solana buyers lose interest: How long will SOL’s $138 support hold?

Quick Summary:

Solana's CMF indicator on the four-hour chart oscillates in the negative region, suggesting persistent selling pressure.

Also, the Long/Short Ratio below 1 on Coinglass showed that short traders have been dominating Solana’s price action for most of the week.

According to a recent X (formerly Twitter) post by Santiment, the Solana network has posted the highest month-on-month rise in total development activity.

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Article Details

Author / Journalist: Muthoni Mary

Category: Crypto

Markets: United States

Topics: News Solana News 1 Social Ambcrypto Trading View Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-31 @ 08:00:03 (1 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 565 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22311791

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 16 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

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