Solana price at $103.82 with 12 percent fewer open futures positions: will the $100 level hold?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Solana traded at $103.82 on Wednesday evening, only 3.7 percent above the $100 mark. On the futures market, open positions have shrunk by 12.1 percent within a week, and the funding rate has tipped to zero.Solana traded at $103.82 on Wednesday evening. That is 3.7 percent above the round $100 line, 2.99 percent below the previous day and 10.35 percent below a week ago. The short answer to whether the level holds: the futures market currently lacks the leverage that would accelerate a break, and it lacks it on the buy side just as much. We collected the figures ourselves from the exchange OKX, and they tell a different story from the price alone. Solana price at $103.82, 3.7 percent above the $100 mark The Solana price stood at $103.82 on October 14 at around 20:44 CEST. During the session the high was $108.45 and the low $103.51, so the price closed the day near its daily low. Market capitalisation therefore comes to $61.17 billion. The distance to the downside is easy to work o...