Solana’s price hit a month-low of $122, hours ago.
Scammers exploit Solana’s token extension to burn users’ crypto holdings.
The cryptocurrency market remains in a bearish phase, with the total market capitalization dropping by 4.33%, while trading volume has risen by 17%, reflecting increased activity despite the downturn. Bitcoin, the largest cryptocurrency by market cap, fell by 4.66%, leading a broader decline in altcoins. Ethereum dropped by 6%, hitting a 28-day low of $2,313. Solana, another prominent altcoin, also hit a monthly low of $122, marking an 18% decline over the past month.
Solana has faced strong bearish pressure for over a week, intensifying its monthly downtrend. Traders were largely prepared for this drop, especially as Solana’s funding rate turned negative around August 28, indicating expectations of further declines. The consolidation range between $126 and $160 has become a focal point for short-term traders, who view it as an opportunity to
We współpracy z: https://thenewscrypto.com/will-solana-bearish-trend-continue-after-an-18-monthly-drop/
