Solana (SOL) is down 4% on Friday, extending losses below $80 and marking a nearly 10% decline so far this week. The broader cryptocurrency market is seeing heavy selling, with Bitcoin (BTC) diving below $70,000 and wiping out more than $1 billion in the derivatives market.
Solana (SOL) trades below $90 on Monday, ticking higher after over 3% losses below a long-term support trendline the previous day.
Solana (SOL) price edges lower on Monday, hovering around $120 after four consecutive days of trading in the green. The institutional support for SOL eased last week, with total inflows of less than $2.50 million, from over $188 million in the previous week.