Solana (SOL) Price: Network Activity Declines as $150 Resistance Holds Firm
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Solana (SOL) is experiencing a challenging period with declining network activity, dropping DApp revenues, and technical indicators suggesting potential price weakness. Despite optimism from some industry figures like Nikita Bier, the cryptocurrency faces resistance at $150 and potential further price decline.
March 28, 2025 | 10:00 am
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NEGATIVE IMPACT
SOL's price is under pressure due to declining network revenues, reduced DEX volumes, and bearish technical patterns suggesting potential drop to $120.
Multiple factors suggest short-term negative price pressure: 1) 50% drop in DApp revenues 2) Loss of DEX volume leadership 3) Bearish technical chart patterns 4) Rejection at $150 resistance level
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100