Solana's price currently stands at $183, marking its lowest point in two weeks after a recent spike in app revenues. The downward trend suggests that Solana has formed a local top, with significant pressure mounting on its price.
The critical support lies at the $175 level; if breached, it could potentially trigger a stronger bearish trend. This situation poses a crucial test for Solana's market stability and resilience, making it a pivotal moment for investors and market analysts alike.