Solana’s SOL token price is grappling with persistent bearish momentum, raising concerns about the sustainability of its key support level at $132. The token has been heavily sold, leading to severe price drops and waning buyer interest.
Technical analysis and on-chain metrics point to this decline, with Solana’s CMF (Chaikin Money Flow) indicator signaling decreasing positive money flow.
The downturn in buyer interest could exacerbate price drops, making it crucial to monitor these technical indicators closely.
