Solana (SOL) Price: Trading Volume Drops 61% as $130 Support Tested 📉
Solana has experienced a significant drop to $130, marking its lowest price in five months. The trading volume has plummeted by 61%, which highlights weak buying pressure in the market. However, the TD Sequential indicator has issued a strong buy signal, suggesting potential market recovery opportunities.
The SOL/BTC pair has plunged to a two-year low, indicating poor performance compared to Bitcoin. Despite the overall weak accumulation, Open Interest has seen a slight increase to $3.95 billion. This could suggest that investors are looking towards future opportunities in Solana despite the current downturn.
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