๐ฆ๐ผ๐น๐ฎ๐ป๐ฎ ๐๐ต๐ผ๐๐น๐ฑ ๐ณ๐ฎ๐น๐น ๐๐ผ $๐ญ๐ฏ๐ฑ: ๐๐๐ฎ๐น๐๐ฎ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ฝ๐ฟ๐ผ๐ฏ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ถ๐ฒ๐ ๐ผ๐ณ ๐ฎ ๐๐ผ๐น๐ฎ๐ฟ ๐ณ๐ฎ๐ฟ๐บ ๐ฎ๐ ๐ฎ๐ฌ%.
Despite a bearish outlook, a large majority of 71.03% had a positive sentiment towards Solana.
On-chain metrics revealed that exchanges have witnessed an outflow of $73 million in SOL over the last 48 hours.
After a continuous struggle in recent days, Solana [SOL] has failed to maintain its key support level of $141 and is now poised for a significant bearish push.
This comes as geopolitical tensions between Israel, Iran, and the United States have escalated.
Following the ongoing escalation of the war, market sentiment has turned bearish. The asset continues to bleed and has formed a bearish structure.
At the time of publication, Sol was trading near $135.5 and has lost over 4.10% of its value in the last 24 hours. However, the largest price drop in the asset occurred after tensions heightened.
During this period, trader and investor participation also notably declined, leading to a 10% drop in trading volume compared to the previous day.
