SOL stands at a key turning point, and the funding rate is rarely negative. Is the market going to change?
Solana has soared nearly 95% since April. It is currently consolidating in the key resistance area below $180. The three consecutive positive weekly lines stand firmly on the 34W and 50W moving averages, and the structure is still strong. If it successfully breaks through $185, it may start a new round of market conditions of $200-220.
However, data shows that SOL is the only project with a negative funding rate (-0.0002%) among the top ten crypto assets, indicating that the short-selling force in the derivatives market is quietly gathering.
The spot is strong and the bulls are dominant, but the negative interest rate + price stagflation constitutes a subtle divergence. If the bulls can turn the resistance into support, a new high can be expected; otherwise, you need to beware of a wave of retracement.
