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Solana Price Breakdown Looms as On-Chain Metrics Drop by 20% Coingape 11 août 2024

Solana Price Breakdown Looms as On-Chain Metrics Drop by 20% 📉

Solana Bitcoin
Solana experienced a 7.5% price drop, falling from $164 to $151 during a low-volatility weekend. This decline is primarily attributed to a significant drop in on-chain metrics, including active and new addresses. Despite Bitcoin showing sustainability above $60000, it remains uncertain if Solana's price will regain bullish momentum given the current on-chain activity trends. Most major altcoins have also witnessed notable declines, further contributing to the bearish signals in the market for Solana.

Source : coingape.com ↗

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