# Solana traders are fleeing — the next stop looks like $68

_AI-generated trading idea · SHORT · SOL_

> Canonical page: https://commonquant.ai/research/for-you/solana-traders-are-fleeing-the-next-stop-looks-like-68--2b65145f-ec31-4519-8d3d-8f829b285a97

Traders have pulled 30% of their Solana futures bets off the table during May, and the token's price is weakening near $80. Analysts are now eyeing a drop toward $68.

## Idea

When futures traders yank 30% of their bets in a single month, it's a sign that bulls are giving up — not temporarily, but structurally. Less money in the market means less buying pressure to prop up the price, which tends to accelerate downward moves. Solana is already sliding and now testing the $80 area, with $68 as the next real support level. In crypto, when open interest collapses this fast, the path of least resistance is usually lower until a new base of buyers steps in.

## Key details

- Symbols: SOL
- Timeframes: H4
- Tags: \#crypto, \#momentum, \#altcoin

## Community

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## News sources

- [Solana open interest drops 30% as altcoins slump: Is $68 SOL next?](https://cointelegraph.com/markets/solana-open-interest-drops-30-as-68-retest-comes-back-into-play) — Cointelegraph

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