SOL’s price plummeted by 13.5% over the past 24 hours, indicating a bearish trend.

1 .

Price Momentum: SOL has experienced a significant price drop of over 13% in the last 24 hours, accompanied by bearish technical indicators.

2 .

Ecosystem Health: Despite price declines, Solana’s ecosystem shows strong growth in perpetual futures volume and daily active users, suggesting underlying network strength.

3 .

Investor Sentiment: Institutional outflows and large whale losses indicate a cautious sentiment, while community sentiment remains divided on future price direction.