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Solana Price Prediction: Can SOL Hold $67.38 As Open Interest Falls 2.05%?


by Parshwa Turakhiya
for CoinEdition
Solana Price Prediction: Can SOL Hold $67.38 As Open Interest Falls 2.05%?

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AI Overview

Solana's price is testing critical support at $77.55, down 0.12% amid a decline in market sentiment due to Trump’s tariff announcement. Only 20% of SOL addresses are profitable, the lowest since November 2023, indicating slowed accumulation. Open interest has decreased by 2.05% to $5.09 billion with increasing selling pressure.

Bearish
  • Solana tests $77.55 as open interest declines 2.05% to $5.09B amid Trump tariff shock pressuring risk assets.
  • Only 20% of SOL addresses remain profitable, lowest level since November 2023, as accumulation slows sharply.
  • Price breaks below all major EMAs with RSI at 28.12 on weekly chart, approaching deeply oversold territory.

Solana price today trades near $77.55, down 0.12% in the past 4 hours as the token tests critical support levels following President Trump’s tariff increase announcement. The move comes as Glassnode data shows only 20% of Solana addresses remain in profit, the lowest level since November 2023, while long-term holder accumulation has slowed dramatically.

Open Interest Drops As Volume Surges On Selling Pressure

SOL Derivative Analysis (Source: Coinglass)

According to Coinglass, Solana’s open interest fell 2.05% to $5.09 billion, while volu…

Read The Full Article Solana Price Prediction: Can SOL Hold $67.38 As Open Interest Falls 2.05%? On Coin Edition.

Read the article at CoinEdition

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$ 87.58

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$ 87.46

+6.58%

$ 87.58

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Solana Price Prediction: $3.78M ETF Inflows Support Bounce Toward $90

Solana Price Prediction: $3.78M ETF Inflows Support Bounce Toward $90

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Solana Price Prediction: Can SOL Hold $67.38 As Open Interest Falls 2.05%?


by Parshwa Turakhiya
for CoinEdition
Solana Price Prediction: Can SOL Hold $67.38 As Open Interest Falls 2.05%?

Share:

AI Overview

Solana's price is testing critical support at $77.55, down 0.12% amid a decline in market sentiment due to Trump’s tariff announcement. Only 20% of SOL addresses are profitable, the lowest since November 2023, indicating slowed accumulation. Open interest has decreased by 2.05% to $5.09 billion with increasing selling pressure.

Bearish
  • Solana tests $77.55 as open interest declines 2.05% to $5.09B amid Trump tariff shock pressuring risk assets.
  • Only 20% of SOL addresses remain profitable, lowest level since November 2023, as accumulation slows sharply.
  • Price breaks below all major EMAs with RSI at 28.12 on weekly chart, approaching deeply oversold territory.

Solana price today trades near $77.55, down 0.12% in the past 4 hours as the token tests critical support levels following President Trump’s tariff increase announcement. The move comes as Glassnode data shows only 20% of Solana addresses remain in profit, the lowest level since November 2023, while long-term holder accumulation has slowed dramatically.

Open Interest Drops As Volume Surges On Selling Pressure

SOL Derivative Analysis (Source: Coinglass)

According to Coinglass, Solana’s open interest fell 2.05% to $5.09 billion, while volu…

Read The Full Article Solana Price Prediction: Can SOL Hold $67.38 As Open Interest Falls 2.05%? On Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 87.46

+6.58%

$ 87.58

+6.50%

Share:

In This News

Coins

$ 87.46

+6.58%

$ 87.58

+6.50%

Share:

Read More

Solana Price Prediction: $3.78M ETF Inflows Support Bounce Toward $90

Solana Price Prediction: $3.78M ETF Inflows Support Bounce Toward $90

Solana price today trades near $81.73, up 0.53% in the past two hours after defending...
Bitcoin snaps back near $69,000 but analysts warn the market may not be out of the woods yet

Bitcoin snaps back near $69,000 but analysts warn the market may not be out of the woods yet

Crypto rebounds sharply from Tuesday's lows, yet traders question whether the move ma...