Solana Falls to $97.34, Risk of Drop to $60 If Support Breaks
- —SOL trades 4% below its level 24 hours ago, below the EMA21 ($101.48) and EMA55 ($101.72)
- —Derivatives volume rose 22.03% to $8.64 billion, while open interest fell 1.03% to $5.87 billion
- —The funding rate on open interest is negative at -0.0043%
- —Spot ETFs hold about $1.4 billion in SOL
Why it matters: A break below support at $98 and $96.40 would increase pressure on altcoins, while a return above $104 would restore the $193 target.
Source: TronWeekly