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Solana ($SOL) Price Could Soon Rebound as Traders Capitulate, Data Shows

1 min read Original Link

According to data from on-chain analytics firm Santiment, the fear, uncertainty and doubt (FUD) surrounding Solana could lead to a rebound “until traders slow down their nearly unanimous bets against $SOL’s price.” Solana is at the time of writing trading close to the $15 mark, after falling to a low of around $11 earlier this month. The cryptocurrency’s price plunged after the collapse of crypto exchange FTX and its sister firm Alameda Research after a bank run on the platform.

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