Solana

• Solana's pullback stems from macroeconomic headwinds, tightening liquidity, and institutional risk reduction. • Derivatives positioning and long liquidations amplified intraday downward price pressure. • Core network metrics remain resilient despite negative institutional flows and technical indicators.

• Capital inflows were driven by network adoption, tokenized assets, and upcoming upgrades. • Volatility persisted due to outflows, derivatives liquidations, and Asian market speculative swings. • Solana's MACD and RSI indicate neutral conditions while Williams %R signals selling.

Solana (SOL) price extends losses on Thursday, inching lower to the $100 mark after a 2% retreat from the 50-day Exponential Moving Average (EMA) at $107.13 the previous day.

Analyst sentiment on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB and XRP has flipped bullish since July, as the top five cryptocurrencies recovered faster and more strongly than during the 2022-2023 market phase, according to CryptoQuant.

• Solana pulled back due to macroeconomic headwinds and a risk-off crypto sentiment. • Institutional products saw net outflows amid caution ahead of the Alpenglow upgrade. • Derivatives liquidation caused forced selling, contracting futures open interest and leverage.

• Capital flowed into Solana due to network performance enhancements and ecosystem expansion. • Strong on-chain activity, stablecoin transfers, and payment integrations provided fundamental support. • Derivatives positioning and short-covering activity absorbed selling pressure and catalyzed upside.