Solana (SOL) Price Trends Toward Steeper Correction: What You Need to Know
Wednesday, 3 April 2024, 16:00
Solana Investors Lose Hope
Solana price is in the bearish zone at the moment, stuck in consolidation. The altcoin does have a shot at recovery with the help of these investors, but can it?
Solana Open Interest:
- The Open Interest (OI) has decreased by 15% to $2.88 billion in the last two days.
Moreover, traders are increasingly reluctant to make bullish bets as reflected in the falling funding rate.
SOL Price Prediction: Equilibrium
Solana currently trades at $189, aiming to reclaim the 50-day EMA for support. However, the price may dip to $168 if it fails to breach the $200 mark.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.