Compass Investments

Crypto vs. Dollar

📌 Solana price has fallen to a 45-day low – will the SOL price return to $130?

Despite temporarily rising to $151 on June 16, the Solana native token SOL (SOL) has corrected 24% since June 7. Compared to the market capitalization of the entire cryptocurrency market, it has fallen 14% over the same period. Solana

– Despite temporarily rising to $151 on June 16, the Solana native token SOL (SOL) has corrected 24% since June 7. Compared to the market capitalization of the entire cryptocurrency market, it has fallen 14% over the same period.

This suggests that SOL’s problems are more pronounced than the market’s declining interest in cryptocurrencies as a whole.

Several indicators, such as online activity on the Solana network and demand for leveraged positions, suggest that the bearish momentum in SOL is likely to continue. If demand remains unchanged, this could lead to a retest of the $130 level or lower.

Part of the decline in interest in cryptocurrencies can be attributed to the strong performance of the S

Bitcoin

Bitcoin

$64,768.40

BTC 6.49%

Ethereum

Ethereum

$3,487.78

ETH 7.44%

Binance Coin

Binance Coin

$586.50

BNB 7.59%

XRP

XRP

$0.54

XRP 3.12%

Dogecoin

Dogecoin

$0.13

DOGE 8.40%

Cardano

Cardano

$0.44

ADA 2.89%

Solana

Solana

$159.76

SOL 8.15%