đ„ Can Solana Survive the Market Storm? SOL at a Critical Turning Point âĄ
Solana (SOL) is facing heavy pressure as the crypto market cools down. Bitcoinâs sharp drop has dragged altcoins lower, and SOL is now fighting to hold its key $120 support.
đ Whatâs happening?
âą Solanaâs TVL dropped from $13.2B to $8.6B â a 6-month low
âą Major Solana DEXs like Jupiter & Raydium lost 30â46% TVL
âą Network fees, transactions, and active users are all declining
âą Memecoin volume collapsed by 97%, reducing network activityđŻ$SOL
đ Technical outlook:
Analysts warn a bear flag pattern is forming.
If $118 breaks, SOL could dip into the $90â$100 zone, with $86 as a worst-case target.
Still, the 200-week EMA near $118 remains a strong historical support.
đ„Yes, the data looks weak right now â but crypto cycles reward patience, not panic. Strong networks often look worst right before a turnaround.đ„
đđđ
Markets shake out weak hands before the next move.
Stay informed. Manage risk. Think long-term.
Every storm eventually passes âïžâĄïžđ€ïž$SOL
