Solana
Why Solana is down 1.4% in the last hour
Analysis
Solana (SOL) slipped 1.4% over the past hour as market participants digested commentary highlighting “rising selling pressure” around SOL and the question of whether ETF-related flows and other factors can absorb that supply. BeInCrypto noted that SOL’s ability to withstand near-term downside depends on supportive inflows and absorption mechanisms, and the lack of clear evidence of that in the immediate term likely weighed on price.
Contributing Factors (1)
What Factors Could Help Solana Absorb Rising Selling Pressure
Solana (SOL) has dropped below $120 amid continued capital outflows. As investors become increasingly cautious, the key question is what Solana can offer to convince holders to stay. Several recent de...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.