Funding Rates and Solana Price Bottoms: A Broken Pattern?

Solana's price has historically bottomed out when funding rates across multiple exchanges were negative, notes Joao Wedson. In his analysis, he raises questions about whether this pattern will hold true in the current market.

Wedson points to previous cycles where Solana hit its lowest prices during periods of deeply negative funding rates. He wonders if the established pattern could be broken in the current situation.

As context, Wedson has previously noted that Bitcoin's liquidation dynamics may lead to a move below $57,000, and he reported on Dogecoin trading near historically rare undervaluation according to the CVDD Channel.