The amount of Solana (SOL) held on centralized exchanges has jumped to a two-week high, signaling increased selling pressure as the broader crypto market continues to lose steam.
Currently at 31 million SOL, the rising exchange balance suggests investors are preparing to offload holdings.
This pattern typically precedes price declines, as coins are often moved to exchanges with the intent to sell.
Adding to the bearish outlook, SOL’s futures funding rate has slipped into negative territory for the first time in over a week, currently at -0.0006%.
This indicates growing demand for short positions, further highlighting weakening sentiment.
If selling pressure persists, SOL may drop below its current support level of $142.59, potentially falling toward $123.49. A bullish reversal, however, could trigger a rebound toward $171.88.
Bonk (BONK) has gone down by 7.6% in the past 24 hours and currently stands at $0.00002800. Although the token has been on a downtrend for a few days, it is approaching a key area of support that could favor a bullish Bonk price prediction. Trading volumes have gone down by 18% during this period, […]
As Bitcoin and the broader altcoin market continue to swing unpredictably, blockchain analytics firm Santiment has identified six altcoins that have sparked intense interest across social media platforms.
On this day ten years ago—July 30, 2015—a revolutionary chapter in blockchain history began.
A new report from Standard Chartered highlights that publicly traded companies holding Ethereum (ETH) as a treasury asset have emerged as a unique and fast-evolving asset class, distinct from traditional crypto vehicles such as ETFs or private funds.