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Solana Price Prediction: Above $73 as Bitfinex Longs Fall and Spot Demand Stalls
['Tia Avet', 'Analyst', 'Covering Cryptocurrency Markets', 'Policy', 'Regulation. With Over Seven Years Of Experience In Business', 'Marketing Development', 'She Has Spent The Past Two Years Specializing In Digital Assets.', 'Min Read', 'August']
Coinpaper
A reported drop in Bitfinex long positions and weak spot demand leave SOL vulnerable unless buyers defend support and push through nearby resistance.
Bitfinex Longs Drop, Adding Another Warning Signal for SOLA sharp reduction in Bitfinex long positions suggests some leveraged traders have cut their exposure as Solana attempts to hold its latest recovery.
Bitfinex Solana Long Positions Fall Sharply.
Falling leveraged longs alongside weak spot demand suggests the recovery lacks broad buying conviction.
On the upside, SOL needs to clear the local resistance zone around $73.50 with a stronger rise in spot CVD.