🚀 Solana Faces Price Decline Amid Decreased Trading Activity
#Solana #PriceDecline #TradingActivity #DEXVolume #MarketConviction #RecoveryOutlook #SupportZone #ResistanceLevel #Crypto #SOL
Solana's price experienced a 5.4% drop after it was unable to surpass the crucial $89 resistance level. According to NS3.AI, this decline aligns with a 20% weekly reduction in its decentralized exchange (DEX) volume. The decrease in trading activity, coupled with selling by long-term holders, indicates a weakening market conviction, resulting in a fragile recovery outlook. Currently, Solana is testing a critical $84 support zone, and a breakdown could potentially lead to further losses toward $79 or even $59.#Solana #PriceDecline #TradingActivity #DEXVolume #MarketConviction #RecoveryOutlook #SupportZone #ResistanceLevel #Crypto #SOL