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via Cointelegraph · By Cointelegraph Staff

SOL’s 30% Open Interest Drop Puts $68 Back In Focus

SOL

SOL/USDT

$72.76

+0.08%

$72.76

+0.08%

(24s)

24h Volume

$2,906,307,969.36

24h H/L

$75.00 / $72.31

Change: $2.69 (3.72%)

Long/Short

74.8%

Long: 74.8%Short: 25.2%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Solana

Daily

$72.79

▲ 0.44%

Volume (24h): -

Resistance Levels

Resistance 3$79.27

Resistance 2$76.9267

Resistance 1$74.7165

Price$72.79

Support 1$71.7229

Support 2$69.1579

Support 3$64.5406

Pivot (PP):$73.4133

Trend:Downtrend

RSI (14):49.0

Cointelegraph Staff

(10:39 PM UTC)

1 min read

Verified byJames Mitchell

620 views

0 comments

Solana (SOL) futures dropped sharply in May as traders reduced leveraged exposure across all exchanges. SOL open interest (OI) dropped to $1.90 billion on Thursday from $2.75 billion on May 11, a 30% decline, while funding rates remained close to neutral. The combination points to weakening investor sentiment as SOL eyes a retest of its yearly low at $68.

SOL spot demand offsets futures…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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