Market sentiment for Solana (SOL) is at the most negative levels seen in a month, according to data gathered by the on-chain intelligence platform Santiment.
Investors are expressing more bearish sentiment about the sixth-largest cryptocurrency by market cap; however, Santiment says this may be a signal for an incoming price jump.
Solana's price has fallen over 30% in the past month, reaching a three-month low of $161.
Despite the negative sentiment, Santiment believes SOL could experience a big bounce in the coming weeks due to historically high bounce probability in such situations.