Solana's price recovered from a low near $70.60 to above $73, but the rally shows signs of weakness due to a sharp drop in Bitfinex long positions and weak spot market demand. The decline in leveraged long positions suggests some traders are reducing exposure, while flat spot cumulative volume delta indicates limited buying conviction. If Solana fails to hold above $73 and its rising intraday trendline, it could retest lower support levels around $72 and $70.60. A stronger move above $73.50 with increased spot demand would be needed to confirm a sustained recovery.
Solana (SOL) is trading near $70 with short-term price weakness but strong institutional interest and on-chain activity. The network is preparing for the Alpenglow upgrade, expected by end of August, which aims to improve transaction speed and finali...
Solana's price fell 1.47% to $72.55 on August 3, slipping below key support levels due to weak spot demand and ongoing capital outflows. Technical indicators show bearish momentum with SOL trading below major moving averages and liquidation clusters ...
Solana's price remains stable around $70 even as large Bitfinex whales close significant long positions, causing heavy long liquidations. This deleveraging may clear excess risk, potentially setting up a bullish recovery if spot demand improves. Howe...
Solana ETFs experienced consistent net inflows throughout July, signaling growing institutional demand despite Solana's (SOL) price remaining subdued around $73. The upcoming 'Alpenglow' upgrade, expected by the end of August, aims to significantly r...
Data from CoinGlass shows a significant decline in the number of Ethereum long-holding accounts in USDT-margined futures, indicating traders are reducing their bullish exposure despite stable overall long positions by size. This suggests a shift in r...
