Solana’s Long-Term Sentiment Plunges To Lowest Point Of 2024

One
particular
measure
of
the
sentiment
surrounding
solana
recently
fell
to
its
lowest
value
of
the
year,
according
to
data
provided
by
The
Tie.

The
cryptocurrency’s
long-term
sentiment,
which
is
measured
by
evaluating
how
positive
(or
negative)
conversations
on
X
(formerly
Twitter)
were
in
the
last
50
days
and
then
comparing
it
to
posts
made
over
the
last
200
days,
fell
to
64.75
today,
figures
provided
by
The
Tie
reveal.

The
image
below
illustrates
this
recent
decline:

Upon
reaching
this
point,
the
digital
asset’s
long-term
sentiment
had
fallen
to
its
lowest
value
since
December
22,
2023,
Sacha
Ghebali,
SVP
of
Strategy,
said
via
email.

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Solana’s
long-term
sentiment
originally
fell
to
a
2024
over
the
weekend,
when
it
reached
65.8
on
Saturday,
July
6.

The
chart
below
illustrates
these
movements:

The
long-term
sentiment
measure
has
since
declined
further,
falling
below
a
reading
of
65
today.

The
recent
weakness
in
market
participants’
attitudes
toward
this
digital
currency
may
fit
in
with
a
broader
trend,
as
additional
figures
from
The
Tie
show
that
long-term
sentiment
has
been
gradually
pushing
lower
since
roughly
March
24.

The
chart
below
illustrates
the
aforementioned
trend:

Disclosure:
I
own
some
bitcoin,
bitcoin
cash,
litecoin,
ether,
EOS
and
SOL.