Analysis: Institutional investors are suspected of selling SOL recently, causing the price to fall below key support levels

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PANews
05-25
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PANews reported on May 25th that according to CoinDesk, Solana (SOL) experienced a massive sell-off at midnight Greenwich Mean Time, with trading volume surging to 1.26 million SOL, causing the price to drop from $177 to $170.41, a decline of approximately 4.5%, also breaking below the key support level of $172.

Analysts pointed out that this decline was mainly influenced by global trade tensions and monetary policy uncertainty, with institutional investors choosing to reduce positions during risk assessments. However, despite market pressure, the Solana Foundation continues to collaborate with R3, planning to tokenize assets worth $10 billion on its blockchain.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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