‍Solana Price Correction: Navigating the Dip and Future Prospects

Solana (SOL) recently experienced a notable price correction, reaching a two-week low of $213 amid broader market risk aversion. This led to the liquidation of $112 million in leveraged bullish positions.

Key indicators such as SOL perpetual futures funding rates, which are near zero or negative, suggest limited demand for leveraged long positions. Historically, negative funding rates have preceded SOL price rebounds.

However, Solana faces challenges: network activity has declined, with active addresses dropping 28% and fees decreasing by 15% in the past week. New competitors like Aster and Hyperliquid are also emerging.

Despite these headwinds, corporate adoption, such as Fitell Corp's $100 million convertible note for a "Solana treasury strategy," and Solana's strong fundamentals (leading in transactions and second in TVL) suggest limited downside risk and potential for recovery as market sentiment shifts.

https://cryptovka.ru/en/news/5069/solana-s-price-action-decoding-the-dip-and-future-outlook