$SOL has dropped by over 4% in the last 24 hours, now trading at $103.87. This comes as Coindesk reports that venture firm A16z is widening its investment focus beyond crypto into AI and other tech.
While this news is a broader market development, it coincides with $SOL's current downturn, which also follows a 3.91% dip in $BTC . The 24-hour volume for $SOL is slightly higher than its 7-day average, suggesting some selling interest.
My view is cautious. The market is showing 'Greed' at 68, but prices are falling. If $SOL breaks below its 7-day low of $100.43, it would signal further weakness. I am watching that level closely. A sustained break above $105 with strong volume would be needed for a shift in my view.
#Solana #A16z
While this news is a broader market development, it coincides with $SOL's current downturn, which also follows a 3.91% dip in $BTC . The 24-hour volume for $SOL is slightly higher than its 7-day average, suggesting some selling interest.
My view is cautious. The market is showing 'Greed' at 68, but prices are falling. If $SOL breaks below its 7-day low of $100.43, it would signal further weakness. I am watching that level closely. A sustained break above $105 with strong volume would be needed for a shift in my view.
#Solana #A16z