study time:2minutes
In the last 24 hours, the price of Solana reached below $100 and continued its downward trend to $97. Over the past week, SOL has fallen more than 20% and over the past month by about 31%, retreating almost 66% from its January 2025 high of $293.
Despite this sales pressure, activity in the Solana network remains strong. Solana’s 24-hour spot trading volume increased by 32% and reached 6.55 billion dollars. The volume of derivatives transactions has also grown by 40%, and institutions’ interest in buying remains strong in this reform; So that in January, Spot Solana ETFs in the United States attracted $104 million.
Technically, Solana’s price structure remains bearish and recording lower highs and lows confirms sellers’ dominance. On the other hand, the price of SOL has fallen below the daily moving average at $121 and recent attempts to recover have been temporary.
Currently, psychological support of $100 is very important; Definitive break of this range could take Solana to the range of $95-93 and even $85-90, while its short-term resistance is at $120-122.
Crypto News
Latest Passing over countries : Spain | Dominica | United Arab Emirates
RCO NEWS
