Lido Staked SOL USD Price & Performance (STSOLUSD)

Solana's value has slid 7.5% to $142 following a U.S. executive order on cryptocurrency. The order, focusing on Bitcoin reserves, excludes new altcoin purchases, dampening market sentiment. Additionally, Solana's open interest in futures has halved since January, with negative funding rates signaling bearish momentum.1

President Trump's directive to establish a Bitcoin reserve has caused ripples in the cryptocurrency market. While Bitcoin holdings are highlighted, altcoins like Solana are excluded from new acquisitions. This policy has contributed to Solana's price drop, compounded by weak trading volume and declining speculative demand.1

Solana's price correction continues, with technical indicators suggesting a potential 25% drop to $106. A falling wedge pattern and an RSI of 42.03 point to further bearish activity. Weak trading volume and a lack of confidence in short-term price recovery exacerbate the situation for SOL investors.1