$SOL sinks amid a broader crypto market retreat following weeks of consolidation.
Momentum indicators point to a continued downtrend as bullish strength wanes.
Derivatives data reinforces a bearish sentiment, with Solana approaching its lowest trading level in two weeks.
As of Friday, Solana ($SOL ) has dropped nearly 7.008% this week, tracking heightened volatility across the crypto space triggered by the reinstatement of former US President Donald Trump’s tariffs. The US Appeals Court temporarily reinstated the tariffs on Thursday, reversing a decision by the US International Trade Court a day earlier. With bullish momentum fading and a spike in long liquidations, SOL is nearing a two-week low as bearish pressure intensifies across the derivatives market.
