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Solana open interest drops 30% as altcoins slump: Is $68 SOL next?

Cointelegraph.com News·
Solana open interest drops 30% as altcoins slump: Is $68 SOL next?
AI Analysis

Solana's futures open interest has plummeted by 30% in May, indicating a retreat of bullish sentiment as the price hovers around $80. Analysts suggest that if the downward trend continues, SOL could face further declines, potentially reaching new lows of $68.

Key Topics

SolanaSOL

Originally reported by Cointelegraph.com News. Read the full article ↗

Solana open interest drops 30% as altcoins slump: Is $68 SOL next? | AI Crypto Daily Wire