Solana (SOL) experiences a minor uptick of under 1% at press time on Friday, with multiple long shadow candles forming above $140 as bearish momentum fades off. The optimism surrounding Solana is on the rise, as evidenced by the SOL Open Interest (OI) reaching a weekly high.
The cryptocurrency market inches higher, bolstered by initial optimism for progress in the ongoing trade talks between the United States (US) and China.
Meme coins market capitalization is down by over 4% in the day to $59.79 billion at press time, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) on a downhill trek as the broader cryptocurrency market remains in a slump due to Bitcoin (BTC) slipping below $105,000.