Solana (SOL) has been underperforming compared to major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). The token saw a notable price dip below $150 over the weekend.
This drop comes amid record fund outflows amounting to $39 million and a significant decline in the volume of meme coins.
For Solana to recover, it will need to secure robust support at $140 in the immediate term.