SOL Slumps As TVL Slides And Memecoin Demand Fades
Solana price struggles to gain traction as the blockchain’s TVL in DeFi drops and traders express minimal interest in leverage and memecoins.
Solana price struggles to gain traction as the blockchain’s TVL in DeFi drops and traders express minimal interest in leverage and memecoins.
A challenging macroeconomic environment, competition from recently launched altcoin ETFs and muted demand for leverage has SOL price pinned under $140.
SOL gained ground as the total crypto market rallied off fresh lows on Monday. The data suggests that the rebound may be temporary.
Bitcoin and several altcoins could form a range in the near term as the buyers and sellers regroup to assert their supremacy.
Data suggests Bitcoin’s mild correction will be short-lived as traders step in to buy the dip.
Bitcoin price is balanced between bulls and bears, suggesting more consolidation in the near term, but what about altcoins?
Bulls are defending the $66,500 to $65,000 zone and this could trigger a continuation rally in altcoins.
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