Solana ($SOL ) price falls as investor interest dissipates

Solana (SOL) price continues to decline as broader market signals turn bearish, as does investor interest.
$SOL
Along with them, a major group that had influence on Solana is retreating.To get an advertising service for your crypto project or press releases

Solana SOLUSD and institutions... a complex duo
Solana's price SOLUSD is bearing the brunt of its investors' decline, which is evident in its open interest (OI) and inflows. First, investors are becoming increasingly skeptical.

#SOL🔥🔥 #Solana’
The shift in sentiment reflects broader uncertainties and volatility within the market, prompting Solana holders to adopt a more cautious approach to their investments. Within a week, OI fell by more than $500 million from $2.5 billion to $2 billion.

Moreover, until the end of May, institutional investors showed a strong preference for Solana SOLUSD, indicating confidence in its potential. However, this trend has changed dramatically recently.

Currently, institutions are diversifying their investments by allocating funds to Ripple XRPUSD, Litecoin LTCUSD and Chainlink LINKUSD. This reallocation of investments highlights a strategic move to mitigate risks and leverage the potential of other cryptocurrencies.

For the week ending June 8, the three assets saw inflows of $0.7 million each. While this has not affected Solana's position as the asset with the highest annual flows to date, it is being challenged. On the other hand, Ripple XRPUSD saw inflows worth approximately $1.2 million

SOL Coin Analysis
Solana's Price at 140$ is closely watched. It's staying near 100-day Moving Average. Solana is trying to hold it's ground against downward pressure.

Not many people are buying Solana now. This could means it's price might drop because traders aren't eager to buy.

Trading volume is going up, which could be worrying. More volume usually mean more interest, but since the mood is negative, it might just mean people are selling Solana.

Look at the chart, if Sol falls, it could drop 107$. If rises, it aims for 165$.

Not a financial advisor. Do your own research .

#Solana’ #SOLUSDT #bitcoinhalving #technicalanalyst #SOL
$SOL

Guys remember what I told you about Solana. It's first support will be at 125$ . if it drops even below that then next support is below 100$ . be prepared to buy #Solana’

#Solana’ ?drop your predication

Another liquidation incoming before taking off with speed of bullet 🚅

make sure you are in future with not more than 10X to 15X leverage 💯

#BTC #Solana’ $BTC $ETH $SOL

$SLIM 🆙 RALLY 🔜

After profit 🎯 (0.45$-0.6$) , got rejected ❌,
Touched previous rally maximum 🎯 & holding strong .

Currently Waiting for volume IN flow.

🆕 Buy 🎯:- 0.2$
👉 It may touch (0.14$-0.16$) if 0.2$ zone broken.

Profit & maximum 🎯 updated in the chart 📈.

#CRIPTOHINDUSTAN #Solanium #Solana’ #SolanaStruggles #SolanaRevival

We're eyeing the Fair Value Gap at $136 👀
Solana seems to be maintaining its position well above the Monday Low and the $130 mark. Additionally, the Point of Control (POC) should provide substantial support here. If not for BTC's fluctuations, this could be an ideal setup since we are stabilizing at wave 4 around $118.77 - indicating potential for an uptrend.
#Megadrop #bitcoinhalving #BullorBear #Memecoins #Solana’ $SOL

$Solana co-founder disagrees with $Ethereum founder on the value of meme coins

$SOL Raj Gokal, recently defended meme coins in a twitter post, challenging criticisms from OGs in the crypto community.

$ETH Gokal took aim at Ethereum's Vitalik Buterin, sharing a low reputable photo of him, suggesting that even Ethereum had unconventional beginnings.

Gokal argues that dismissing meme coins as trivial overlooks their role in driving innovation within permissionless systems. He highlights the importance of adaptability in the rapidly evolving crypto landscape, implying that those resistant to change may face challenges in succeeding.

This underscores the ongoing rivalry between Ethereum and Solana.

#EthereumPower #Solana’

#SOL USDT(Binance)(bybit)(kucoin)
#LONG
Leverage 20×

BUY ZONE (Market price)

STOPLOSS 148

TP 162.27 , 176.18
#Solana’

$SOL Trade Setup
Position: Short
Entry: 138 - 143
Targets: 103 - 89 - 77
SL: 156
Reason: Broken down on D1 (BOS) showing weakness due to BTC choppiness as well! But lets keep making gains 💪

#bitcoinhalving #Memecoins #Solana’ #SOLUSDT! #solusdt

Boom Boom Boom Boom 💥💥🤯 Finally After Yesterday Market Crash Loss Recovery is Under process #BTC🔥🔥🔥🔥🔥🔥 #ETH🔥🔥🔥 #Solana’ $BTC $ETH $SOL

Top Two Crypto Currency CoinTo Buy For $10000 Crypto Portfolio
Bitcoin halving anticipated between April 17 and 21, is spreading excitement in the crypto market and keeping investors on the edge. Expectations are galore, calling for rebalancing and redistribution of crypto to buy portfolios ahead of what could be the biggest bull run in the history of the digital asset industry. Both new and seasoned tokens present opportunities for investors to zero in and achieve over $10,000 portfolio potential. This includes crypto to buy like Pendle (PENDLE) and Solana (SOL).After the sell-off last weekend, opportunities to buy the dip and increase crypto holdings materialized considerably. This article shines a light on two tokens to buy amid the negative market shift to position yourself for a stronger rebound in 2024.
1. Solana (SOL)
The bullish outlook in the crypto market is quickly turning grim during US business hours on Monday. After topping $150 earlier today, SOL is extending a four-hour candle to $142.
Resistance at $150 reinforced by the 0.618 Fibonacci ratio threatens another sell-off back to $120, especially with the Relative Strength Index (RSI) reversing the trend downward at 41.
Not that another daily close under the RSI trendline support/resistance may imply heightened selling pressure over the coming sessions and even days.
2. Pendle (PENDLE)
Despite broader market consolidation, Pendle coin has shown a robust recovery since mid-March, surging 225% from $2.30 to a high of $7.53. However, the geopolitical issue in the Middle East triggered a temporary pullback to $4.9, before the asset regained its above at $6.88.
Moreover, with the upcoming Bitcoin Halving just around the corner, the broader is expected to witness a renewed recovery potential impact on the Pendle price for higher recovery.

#CryptocurrencyAlert #Solana’ #PENDLE🔥🔥#FET

AIRDROP CRYPTO ON SOLANA: TENSOR PREPARES TO DISTRIBUTE ITS TNSR TOKEN
And one more ! Airdrop season is in full swing. After the airdrop of the W token by Wormhole last week , it is the turn of another protocol on Solana to follow suit. Tensor , the NFT exchange platform is preparing to launch its token and reward its users via a massive airdrop.
AIRDROP: TENSOR LAUNCHES TNSR TOKEN
As we just discussed, Tensor is an NFT exchange platform deployed on Solana. After conducting several point campaigns, the protocol is preparing for the next stage.
Thus, the platform will launch the TNSR token via a massive airdrop to users of the platform.
The token was announced a month ago, on March 12, by the Tensor Foundation. In practice, the TNSR is the protocol’s own governance token.
On April 2, the foundation announced the finalization of season 3 of its points program and the launch of season 4. On this occasion, the protocol announced that details regarding the token would be revealed the following week, via the page of claims.
An elegant way to announce the long-awaited airdrop of its TNSR token. Currently no communication has been made regarding the launch and the site still does not have a claims page.
A message on the project's discord revealed that an announcement should arrive around 4 p.m. For its part, the claim should open an hour later at 5 p.m.
#Solana’ #Airdrop_Opportunity #HotTrens

$SOL Solana Is Going The Way It Should Be - When Inside The Channel Move Within The Channel 📈

📢 Since the start of the week the entire crypto market is shredding liquidity outside with a bearish outlook for the coming days. Now within the big names Solana is showing some strength even during this decline.

Now, I've been emphasizing more on the weekly time frame during this phase when it becomes difficult to predict the bottom. Some specific chart patterns and a handful of indicators makes our lives a little less difficult.

📌 As we can see the bull market peaked in late February and early March with a breakout from the channel and going past $200, but the correction landed Solana again within the channel erasing all the previous gains.

📌 Witnessing this weekly move, it seems Solana will stay within the channel. Even a breakout downside will test the $100 strong support level.

📌 The support at the lower trendline and on the middle band (Bollinger Band) is letting Solana to do a pullback going past $120 again after hitting a low of $118 for the day.

If this week's candle closes within the channel, Solana will continue to move within the channel and we could see a reversal soon.

Please Do Your Own Research before taking any trading decisions.

#Solana’ #BullorBear #fomc #BinanceLaunchpool #BTC

$SOL

LONG $SOL #Solana’

1️⃣ Target was hit

💰Profit +30%

2️⃣ Target on the way to dispatched 🎯

💰 Profit + 45%

💡After that price drop and hit SL

Trade done ✅

#SolanaStruggles

#write2earn🌐💹

#TrendingTopic

▫️Solana price has been following a Trendline since November 2023.

▫️Now, the price is close to this Trendline.

▫️If it gets rejected, it could bounce back, maybe hitting $150 or more.

▫️But if it breaks the Trendline, it might drop below $100.

▫️In that case, you should must take entry in Solana..

$SOL #Solana’ #cryptoease