Solana (SOL) Funding Rate Signals A Decline: Investors Expect $130

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Solana (SOL) Funding Rate Signals A Decline: Investors Expect $130 - NewsBTC

Quick Summary:

This sentiment shift reflects the broader market concerns as Solana approaches this crucial support level. The coming days will be pivotal in determining whether Solana can stabilize or face additional downside pressure.

Notably, some top investors are waiting for a decline to the $130 area, a shy 7% drop from current prices, as a potential entry point. Given the current market environment, traders and investors are closely monitoring Solana’s performance at this level to gauge its next move.

While Solana has shown relative strength compared to other altcoins, the recent price action has introduced heightened volatility and potential risks for investors. Related Reading: Solana Price (SOL) Slips: Will a Break Below $140 Trigger More Downside?