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Solana Price Holds Above EMAs Amid Cooling Trend and Greedy Sentiment

Guavy AI Editorial Team
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USDT SOL
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Solana's daily price has reached $118.78 on the SOL/USDT pair, holding above all major daily EMAs despite a short-term cooling trend.

The Fear & Greed Index remains at 71, indicating greedy sentiment in the market, while the total crypto capitalization dropped 3.31% in 24 hours.

On-chain activity on Solana's DEX ecosystem shows a strong expansion in trading activity across Solana-based exchanges, with Raydium AMM fees up 184.74% over 30 days and Orca DEX fees up 96.71%.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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