Solana futures funding rate turns negative: Is $78 SOL next?
Hex37's read
- Solana futures funding rates have turned negative.
- Declining demand for SOL and its DEX ecosystem is weighing on price.
- Market sentiment is testing support levels with $78 as a potential target.
What it means for traders
- Negative funding indicates bearish sentiment; watch for a potential short squeeze or further downside to $78.
- Monitor SOL volume; a failure to hold current support could trigger a deeper correction.
Affected markets
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