Solana open interest drops 30% as altcoins slump: Is $68 SOL next?
Hex37's read
- Solana (SOL) futures open interest fell 30% in May.
- SOL price is weakening near the $80 level.
- Analysts suggest SOL could target lower price levels.
What it means for traders
- A significant drop in open interest suggests declining bullish sentiment for SOL.
- Traders may consider shorting SOL if it breaks below the $80 support level.
Affected markets
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