🚀 Solana's Wild Ride: Market Trends and Predictions 🚀

Solana (SOL) is having a rollercoaster year! After closing August with its second-worst weekly return of 2024 (-19.14%), things are looking... interesting. Despite a $500M negative spot net flow, the derivatives market is buzzing with a 20% rise in open interest. 📈

- **Funding Rate:** Negative for a week, the longest since October 2023.

- **DEX Volume:** Dropped to a 6-month low of $7.7B.

- **Support Levels:** Eyes on $127, with potential dips to $110 or even $100.

What’s your take on SOL’s future? Drop your thoughts below! 💬

#Solana #CryptoTrends #MarketAnalysis