#1
#1 out of 1
technology4h ago
Key facts: Solana Drops Below $85; $14.6M Inflows; Wallets Decline
- Solana trades under $85 after a drop from $90, hitting a low near $80.29 with key support at $82 and major support at $80.
- Last week saw Solana funds absorb $14.6 million, signaling positive investor activity amid geopolitical tensions.
- Solana briefly led Ethereum in tokenized-asset wallet counts at 155,064 before dropping to 146,674 as Ethereum regained leadership.
- Bitcoin-like volatility persists as Solana tests support levels with potential downside to around $72.1.
- SOL price movement comes amid broader geo-political tensions impacting crypto markets.
- Wallet activity shows Solana briefly outpaced Ethereum in tokenized-asset wallets before Ethereum gained the lead again.
- Key price support is seen near $82 with a critical level at $80 for Solana.
- Inflow figures suggest some investor interest despite volatility in the crypto space.
- The article notes Solana's price decline from a high near $90 to current levels under $85.
- Analysts highlight potential price risks if support around $80 fails.
Vote 0