Solana
Why Solana is down 2.0% today
Analysis
Solana (SOL) fell about 2% over the past 24 hours as sentiment was pressured by reports that Solana-linked DAT Upexi posted a $179 million loss after SOL’s price decline hit its treasury, despite revenue doubling, underscoring balance-sheet exposure to the token’s drawdown. Traders also appeared to react to bearish technical commentary flagging a potential head-and-shoulders setup and downside targets, which can weigh on near-term positioning.
Contributing Factors (3)
Solana DAT Upexi posts $179 million loss as SOL price slide hits treasury despite revenue doubling
Upexi said digital asset operations, mainly staking income, now account for the majority of company revenue.
Solana Price Prediction: SOL Faces $42 Target as Head-and-Shoulders Pattern Emerges
Solana Risks Drop to $42 as Head-and-Shoulders Pattern Forms The post Solana Price Prediction: SOL Faces $42 Target as Head-and-Shoulders Pattern Emerges appeared first on Cryptonews.
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.