Solana
Why Solana is down 5.0% today
Analysis
Solana (SOL) fell about 5% over the past 24 hours as traders reacted to weakening technical momentum, with CryptoNews noting SOL’s RSI signaling “oversold” conditions around the $100 area—often coinciding with heightened selling pressure in the short term. The otherwise supportive headline that ING is enabling German retail access to SOL-linked ETPs appears to have been insufficient to offset broader risk-off/technical selling during the period.
Contributing Factors (3)
Solana Price Prediction: RSI Screams Oversold at $100 – Is the Market About to Snap Back Hard?
Momentum indicators suggest that the historical $100 launchpad level could still hold weight – this could be the moment Solana price predictions flip bullish. The post Solana Price Prediction: RSI Scr...
Germans can now buy bitcoin, ether, solana products directly from their ING accounts
These crypto products receive the same German tax treatment as directly held bitcoin.
ING opens retail access to Bitcoin, Ethereum, Solana ETPs in Germany
Still, ING Deutschland noted that crypto ETPs carry significant risks and stated that crypto has no intrinsic value.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.