Solana’s native token SOL (SOL) failed to reclaim $140 on Monday despite recovering part of its recent losses. A negative funding rate in SOL perpetual futures and declining onchain activity across the Solana network continued to weigh on investor sentiment.
SOL remains down 30% over the past 30 days, underperforming the broader altcoin market. Traders are now assessing the likelihood of a sustainable bullish trend.
Much of the prevailing concern among cryptocurrency investors stems from declining confidence in the United States economy, following signs of labor-market weakness and an increasing reliance on artificial intelligence investments.
The CEO of Deutsche Bank’s DWS asset manager told…
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Source cointelegraph.com
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