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Solana Price Forecast: SOL declines amid bearish signals, blockchain remains stable under DDoS attack
Solana (SOL) remains under bearish pressure, extending its decline for the third consecutive day with over 1% loss at press time on Tuesday. An ongoing Distributed Denial of Service (DDoS) attack on the Solana blockchain, peaking at 6Tbps, remains ineffective so far but continues to add pressure on traders’ sentiment. Additionally, the derivatives market sentiment is bearish, as Open Interest falls and funding rates turn negative. The Solana blockchain has held strong amid an ongoing DDoS attack over the past week, peaking at 6 Terabytes per Second (Tbps) and transferring over billions of packets per second. ... (full story)
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