Business

Is Solana a ‘buy’ with SOL prices at a 10-month low and 85% off its peak? By Cointelegraph


Is Solana a ‘buy’ with SOL prices at a 10-month low and 85% off its peak?

Solana’s (SOL) price fell on June 3, bringing a net loss on paper to 85% in seven months after breaking above $260.

The SOL price fell more than 6.5% on the day to $35.68, after failing to recover with confidence from 10-month lows.

Daily price chart. Source: TradingView
SOL/USD vs correlation coefficient. Source: TradingView
Weekly price chart of SOL/USD. Source: TradingView