- The SOL RSI showed it was now below 40.
- SOL declined by over 22% in the last seven days.
Recent data indicates that Solana [SOL] was hit particularly hard during a week of significant downtrends in the crypto market. The open interest in Solana has experienced consecutive declines, reflecting heightened negative sentiment among investors.
Solana sees a double-digit decline
According to data from CoinMarketCap, Solana experienced the largest decline among the top ten crypto assets in the past seven days, with a drop of over 22%.
The only other asset with a comparable decline was Dogecoin, which fell by 18% over the same period.
Further analysis indicates that Solana is among the top losers of the past week. As of the latest data, SOL’s trading volume is approximately $3.3 billion, but it has decreased by over 20% in the last 24 hours.
How Solana has trended
An analysis of Solana (SOL) on a daily time frame revealed a…
