Yes

>>Solana falls as bearish pressure intensifies and low demand drags the price down.

Solana falls as bearish pressure intensifies and low demand drags the price down.

crypthub

2 days ago

Market Overview

Bitcoin, Ethereum and Ripple have all pulled back after hitting resistance, with BTC near $74,000, ETH around $2,330 and XRP at $1.35. Solana (SOL) trades just above $80, down 2% in the past 24 hours. The lack of institutional backing is extending SOL’s consolidation phase.

Institutional & Retail Pressure

Solana ETFs have posted three straight weeks of outflows and only muted inflows this week, indicating weak institutional interest. Retail demand is also fading amid broader market volatility. Futures open interest fell 3% to $4.93 billion and the funding rate turned slightly negative at –0.0055%, with a long‑to‑short ratio of 0.9822.

Technical Outlook

SOL remains under the 50‑, 100‑ and 200‑day EMAs, which act as supply zones capping recovery. MACD stays positive with a modest bullish tilt, while RSI sits at 53 just above neutral. A break above the 50‑day EMA (~$87.29) could relieve downside pressure; failure would keep support near the February low of $77.60.

Geopolitical Influence

Ongoing Middle East tensions are weighing on the crypto market, but a potential U.S.–Iran agreement could spark a rally in Bitcoin and Solana. Negotiations are set to resume later this week, keeping traders cautious. Consequently, price action for SOL and other leading assets stays largely stagnant.