Solana Funding Rates Turn Negative – Early Sign Of Selling Pressure?
Summary
Solana is consolidating below the $180 level after a significant rally, facing resistance as buyers struggle to push past this barrier. Despite a bullish overall structure, upward momentum has stalled, leading to a cautious market phase. New data indicates Solana is the only top 10 cryptocurrency with a negative funding rate, suggesting increasing bearish sentiment among traders. This divergence between stable price action and growing short positions could influence Solana's next move. A successful breakout above the resistance could lead to further gains toward $200, while intensified selling pressure may result in a pullback. The current situation presents a critical decision point for Solana, impacting broader market behavior.
