- Solana price tumbles as low as $180 on Monday, down over 9% since the US SEC acknowledged XRP and DOGE ETFs fillings on Friday
- Bears dominate the SOL derivatives markets with $400 million active short contracts dwarfing $138 million long positions.
- Technical analysis indicators suggest SOL price remains at risk of further downsizing.
Solana (SOL) price tumbles as low as $180 on Monday, down over 9% in three consecutive days of losses. Bearish dominance in the SOL derivatives markets suggests the downtrend could extend in the week ahead.
Solana (SOL) plunges 9% as ETF speculators switch focus to XRP and DOGE
Solana (SOL) negative performance in February has extended further as the bearish price action intensified over the weekend.
Notably, the onset of Solana’s latest downtrend coincided with news of the US Securities and Exchange Commission (SEC)…
