Solana futures data shows panicked bulls: Will $80 SOL hold?

• Solana futures data shows panicked bulls: Will $80 SOL hold? • A drop in Solana’s dApp revenues, along with limited institutional and retail investor interest, adds vulnerability to SOL’s $78 support. • Cointelegraph in your social feed Key takeaways: SOL is struggling to hold $80 as a 75% drop in futures’ open interest shows that traders are heading for the exits rather than opening new bets. • SOL is struggling to hold $80 as a 75% drop in futures’ open interest shows that traders are heading for the exits rather than opening new bets. • Solana remains heavily dependent on retail and memecoin activity, while Ethereum maintains its lead in high-value decentralized finance. • Solana remains heavily dependent on retail and memecoin activity, while Ethereum maintains its lead in high-value decentralized finance.

Sources:

• https://cointelegraph.com/news/solana-futures-data-shows-panicked-bulls-will-80-sol-hold?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound