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Solana price drop sharply

30.09.2024

The price of the Solana (SOL) cryptocurrency fell sharply by 10%, causing concern among investors and market participants. After the recent rise to $150, the market has experienced a significant decline in activity. One of the main reasons for this was the sharp decline in open interest by 32%, which indicates a loss of interest in futures contracts. This, in turn, affected market liquidity, which also showed negative dynamics.
The SOL market is in a state of uncertainty as trading volumes decline and investors remain cautious.
πŸ’° At the same time, the current situation is not without hope. There are still chances for recovery, especially if the SOL price can stay above $150, which could provide impetus for further growth to $194.Β Time will tell if this cryptocurrency can once again win the trust of investors and reach new heights.
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