Moving with the whole market
The total crypto market is −2.3% in 24 hours. SOL is −2.6%, about the same, so this looks like a market-wide move rather than something specific to Solana.
Why is the crypto market moving? →
why / sol
Why is Solana down today?
Solana (SOL) is down 2.6% in the last 24 hours, trading at $97.37. The whole crypto market is −2.3%, so this is mostly a market-wide move. It usually moves with Bitcoin, which is −2.4% today.
SOL 24h−2.61%
Whole market 24h−2.31%
Bitcoin 24h−2.43%
Link to BTC (30d)0.87
Volume vs normal2.1×
Layer 1 (L1) sector−2.29%
signals
What is moving Solana
Strongest signals first.
Follows Bitcoin closely
Over the last 30 days, SOL's daily moves had a 0.87 correlation with Bitcoin (1 means identical direction). It usually follows Bitcoin, which is −2.4% today.
Bitcoin price →Trading volume is 2.1× normal
At today's pace, SOL trades about 2.1 times its 30-day average volume. Heavy volume means many traders are acting on the move, which makes it more meaningful.
The Layer 1 (L1) sector is down
Solana is part of the Layer 1 (L1) sector, which is −2.3% today. SOL is moving with its sector.
Layer 1 (L1) sector →4 stories about Solana today
Recent headlines: “From rivals to partners: Polygon and Solana team to bring stablecoin payments to banks” and “Why Switzerland’s first genuine spot bitcoin ETF could soon attract overseas banks and brokers”. Read them below.
Weak month
SOL is −7.1% this week and −18% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of SOL positions right now, on the chart, in the Blockdeck app.
See VIP layers →news
Solana news today
From rivals to partners: Polygon and Solana team to bring stablecoin payments to banksCoinDesk · 16h agoWhy Switzerland’s first genuine spot bitcoin ETF could soon attract overseas banks and brokersCoinDesk · 19h agoPolygon Extends Its Stablecoin Payments Infrastructure to SolanaDecrypt · 20h agoPolygon expands Open Money Stack to Solana, after Tron rolloutCointelegraph · 20h ago
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Keep exploring Solana
faq
Questions
Why is Solana down today?
Solana (SOL) is down 2.6% in the last 24 hours, trading at $97.37. The whole crypto market is −2.3%, so this is mostly a market-wide move. It usually moves with Bitcoin, which is −2.4% today.
Will Solana go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SOL is −7.09% over 7 days and −17.73% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, SOL's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.