price rally could fizzle out due to weak fundamentals

cointelegraph.com/news/solana-sol-price-rally-could-fizzle-out-due-to-weak-fundamentals/amp

Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others.
It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the…

This story appeared on cointelegraph.com, 2023-01-24.
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