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Solana demand persists despite negative sentiment, Momin Saqib notes

Solana demand persists despite negative sentiment, Momin Saqib notes
Solana tech and fundamentals align

Momin Saqib has been analyzing SOL over the weekend, emphasizing that momentum around its narrative is building.

According to Saqib, although Solana has faced negative sentiment over the past 12 months, the underlying technology continues to experience significant demand. Saqib adds that technical indicators and fundamental aspects of Solana now appear to be aligning.

Saqib recently highlighted the impact of vulnerabilities in Opus 4.8, which caused billions in ZEC losses and led to questions about crypto sector confidence, according to a previous report. He also noted Bitcoin's decline below $69,000, reaching the $60,000 region, as major AI IPOs drew liquidity from the market in a separate analysis.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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