SOL trades near $132, up about 1.8% but still lagging after recent drawdowns as Coindesk flags year‑end profit‑taking and thin liquidity across ETH, SOL, and ADA. Risk-sensitive names like SOL remain tethered to BTC direction and broader tech‑stock sentiment.
Showing posts with label ADA. Show all posts
Showing posts with label ADA. Show all posts
Altcoins underperform as liquidity rotates defensively
Major alts like Solana and Cardano are down 3–5% over 24 hours, underperforming Bitcoin and reflecting a typical stress pattern where liquidity moves first into BTC and then partially back to fiat or stablecoins. XRP is comparatively resilient around $2.00–$2.03, with on-chain and sentiment data showing bulls and bears locked in a stalemate near this psychological level.
Altcoins follow lower, with Ethereum and Solana underperforming Bitcoin
Solana is down about 3% and XRP roughly 1–2%, mirroring broader weakness in majors as derivatives liquidations and technical selling pressure the complex. News flow around AI and tech equity volatility, alongside thinner year-end liquidity, is amplifying moves in high‑beta coins like SOL and ADA.
Large-cap alts track lower with Solana leading the downside
Solana trades near $131, down roughly 4% to 5% on the day and about 8% on the week, while XRP holds around $2.01–$2.02, down 3%–3.5%. Kitco and TradingEconomics dashboards show a synchronized pullback across major alts like ADA and DOGE, reflecting broad de-risking rather than asset-specific news.