Solana price prediction: 3.38 longs per short, the widest gap in two weeks

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.Analysis: Solana trades at $93.78 on Friday evening, down 6.7 percent in a day. In the futures market, every account with a short position is matched by 3.38 accounts with a long position, the most in two weeks. What that imbalance means for the next levels and what you can take from it as an investor.Add as a preferred source on GoogleFollow on Google NewsSolana trades at $93.78 on Friday evening, down 6.7 percent within a day. Bitcoin gave up 4.9 percent over the same period, Ethereum 4.2 percent. Solana is therefore falling markedly harder than the two largest assets, and the daily low of $92.64 sits only a good one percent below the current level. Market capitalisation stands at $55.33 billion. The documented fact: in the futures market of the OKX exchange, every account holding a short position is matched by 3.38 accounts holding a long position. On October 18 that ratio still stood at 2.24. Our own assessment follows further below: the imbalance leaves the price exposed to...