Solana Price Analysis: Is SOL Ready for a Rebound After Bearish Sentiment?
The post Solana Price Analysis: Is SOL Ready for a Rebound After Bearish Sentiment? appeared first on Coinpedia Fintech News
Solana (SOL) has been under pressure, recently dropping to a three-month low of around $160. Many traders are frustrated with this decline, especially since SOL was trading near $293 in January. However, according to Santiment, a well-known market intelligence platform, this negative sentiment might be setting the stage for a rebound.
Are Traders Too Bearish on Solana?Santiment reports that Solana’s sentiment is currently at its lowest level since January 20, when the market last experienced a sharp pullback. This means that a large number of traders have become extremely bearish, expecting SOL to continue falling.
