After reaching a new ATH, bearish pressure in the futures market intensified peaking on July 29th –7.5%. It has now weakened to –5.2%, however the market structure remains fragile.



Any negative news could trigger a cascade of long liquidations, which would instantly amplify bearish pressure.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GateUser-840d2fd3vip
· 08-07 08:55
In July 2020, the price of SOL experienced another significant increase, surpassing the $1 benchmark to trade at $1.69. The coin soared in value once again in August 2020, increasing to $4.44. However, Solana lost a large chunk of that gain in September, dropping to the $2.95 price region. #SOL#
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)