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After dropping below 100 US dollars this week amid the continued decline of cryptocurrency assets amid global trade tensions, the value of Solana (SOL) reached 96.99 US dollars. With many investors rushing towards any potential exit, more than 62 million US dollars in long positions in SOL were liquidated in just 24 hours, prompting some to question the token's viability in the short term. On the other hand, Motum Finance (MUTM) is experiencing significant momentum in its presales, after its recent launch, but it has already raised 6.6 million US dollars and has over 8200 holders. The downward spiral of Solana.
The price of Solana stock (SOL) decreased by 22% monthly to $106.25, with analysts warning of further declines to $50 if the downward trend continues. The policies of U.S. President Donald Trump regarding tariffs have destabilized the market, leading to a 300% increase in Solana trading volume amid frantic selling by investors.
It supports technical indicators, such as the Relative Strength Index (RSI) (37.55) and the MACD indicator, forecasting a downward trend, with critical support levels declining. For SOL holders, this new shift in cryptocurrencies provides an exit from uncertainty, which has been achieved by Mutuum (MUTM) through a pre-sale model and a real-world financial application.