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SUI hit $2 price peak 🚀 Expectations have certainly been raised... #Sui

SUI hit $2 price peak 🚀

Expectations have certainly been raised...

#Sui

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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📉 Solana’s Open Interest Plunges 21% as Price Dips Solana’s open interest (OI) has dropped 21% compared to the previous day, while its price has dipped below levels not seen in over a month.  Solana’s OI, which measures the total value of outstanding futures contracts, stood at $1.62 billion on April 14, down significantly from the previous day, according to CoinGlass data. This mirrors a broader decline across the cryptocurrency market, with top altcoins like XRP, Dogecoin, and Cardano also experiencing double-digit drops in the past 24 hours. Solana’s price has fallen 11% over the same period, currently trading at around $144. This price decline has erased $36.55 million worth of traders’ long positions, disappointing those hoping for a price spike leading up to the upcoming Bitcoin halving event. Despite the downturn, traders remain cautiously optimistic, viewing the current market conditions as a “good opportunity to scale into high conviction tokens.” However, on-chain analysis suggests that Bitcoin drawdowns have been much worse in previous “euphoria phases,” hinting that the altcoin market may have further to fall. $SOL #SOL #Solana⁩
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