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Solana faces consolidation after failing to hold $180 breakout Solana faces consolidation after failing to hold $180 breakout

Solana faces consolidation after failing to hold $180 breakout

Traders repositioned in June as Solana’s volatility widened and spot-futures basis flipped positive for the first time in weeks.

Solana faces consolidation after failing to hold $180 breakout

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Solana’s volatility attracted active traders. Intraday swings averaged nearly $9, providing opportunity, but also raising liquidation risk. Spot-futures correlation dropped, pointing to partial decoupling and increased hedge activity.