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Solana drops to 31-month low at $61 as institutional investors sell amid rising losses

Market News
06 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Solana's price fell to $61, its lowest in 31 months, driven by institutional investors selling off their holdings due to mounting losses. SOL Spot ETFs turned negative after a month of gains, signaling growing bearish sentiment. The altcoin's Relative Strength Index shows strong overselling, suggesting further declines are likely, with $60 as a critical support level and $53 as the next potential floor. This sell-off reflects broader market caution and could lead to continued downward pressure if institutions keep exiting.

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