Solana

Solana (SOL) price sustains above $100 on Monday, maintaining a near-term bearish bias after three consecutive weeks of losses, including a 2% decline last week.

• Solana faced persistent ETF outflows and a sell-the-news Alpenglow upgrade reaction. • Macroeconomic headwinds and rising Treasury yields reduced risk appetite for altcoins. • Technical indicators like the MACD and Williams %R currently signal sell conditions.

• Macroeconomic risk aversion and rising yields pressured broader digital asset markets. • Spot Solana exchange-traded funds recorded net outflows, reducing institutional market support. • Technical support breaches triggered leveraged long liquidations and forced selling cascades.

• Macroeconomic headwinds and net ETF redemptions pressured Solana's price downward. • Profit-taking followed the Alpenglow consensus upgrade alongside technical moving average rejections. • Network fundamentals remain robust despite technical sell signals and price consolidation.

• Solana buyers defended support levels, triggering short-covering and spot accumulation. • The Alpenglow upgrade reduces transaction finality to sub-second benchmarks. • Technical indicators show a sell signal with a MACD of -1.105.

Major altcoins, including Ripple (XRP), Cardano (ADA) and Solana (SOL), are trading in the red on Thursday as near-term selling pressure resurfaces.