Solana
Why Solana is up 1.9% today
Analysis
Solana (SOL) rose 1.9% over the past 24 hours despite mixed derivatives signals. Cointelegraph noted SOL’s futures funding rate turned negative, and AMBCrypto reported recent long liquidations around the low-$80s—positioning that can coincide with a short-term rebound as leveraged longs are flushed out.
Contributing Factors (3)
Goldman Sachs Exits XRP and SOL ETF Positions in Q1 2026
Goldman simultaneously increased exposure to crypto infrastructure firms like Circle, Coinbase, and Galaxy Digital.
Solana futures funding rate turns negative: Is $78 SOL next?
Solana futures funding turned negative as demand for SOL and its associated decentralized exchanges fell. Will traders buy the dip or is $78 next?
Solana drops to $83 as longs get wiped out – Is $80 next for SOL?
Solana dropped to $83, erasing all May gains amid intense bearish pressure.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.