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The native token of Solana, GROUNDdropped by almost 12.75% in the past 24 hours to a three -week $ 112.50 on April 3.

The main drivers of net ground correction include:

• The last series of Trump administration prices and their potential to erase thousands of dollars from the Stock Exchange.

• Negative basic and financing rate.

• Several technical factors.

Let us examine these catalysts in detail.

Trump Tariffs Hochet Solana and wider cryptography market

Solana’s decline occurred following the prices of the “Liberation Day” by US President Donald Trump. The climbing of trade tensions has led investors Keep yourself away from risky active ingredientsIncluding cryptocurrencies and soil, in favor of safer investments.

In relation: Trump’s “Liberation Day” prices create chaos on the markets, recession problems

The recent drop in soil prices is closely linked to the discoloration of demand in its long -term market, as evidenced by a sharp drop in the annualized rolling base on three -month contracts.

The annualized rolling base shows how much (or less) term contracts are negotiated compared to the current cash price, expressed as an annual percentage.

A high basis means that term contracts are negotiated with a significant bonus, signaling upward expectations and a high demand for long leverages. On the other hand, a low or negative basis means that the term contracts are negotiated nearby or below the cash price, indicating a speculative lack of interest or an increasingly lowered feeling.

Future base base culminated in mid-November 2024 at 18% and was less than 0% April 3, showing that traders no longer pay a premium for soil.

Solana financing rates become negative

The drop in Solana prices is still aligned with its drop in financing rates, indicating a weakening of the bullish momentum on the market.

Floor’s Weekly financing rate slippery At -0.0462 on April 3 from 0.14% one day, and this negative financing means that short traders pay long, highlighting the wait for a new drop.

Currently, the daily floor graphic shows a continuation scheme of the bear flag, a process where the consecutive lowering structures confirm and reduce prices.

From April 3, Sol was negotiated below the lower trend line of its model, providing for a drop in prices at $ 96.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.