Solana (SOL) is facing significant bearish pressure, currently trading around $184. This represents a sharp decline from its recent monthly highs above $220, marking a drop of nearly 17%.
The ongoing bearish trend is fueled by a combination of factors, including ecosystem controversies, decreasing trading volumes, and an impending token unlock. These elements are contributing to Solana's struggle to hold above key support levels.
Investors and traders are focusing on whether SOL can recover and break free from this bearish trap, or if the pressure will keep it below the critical $200 mark.
Fonte: thenewscrypto.com ↗