As the crypto markets approach the monthly close, volatility has been notably reduced. Bitcoin hovers around $59,000, but Solana is struggling with persistent bearish pressure.
This bearish trend has pushed Solana's price below a crucial support level, signaling further potential declines.
The diminishing optimism among whales regarding a SOL price rally is exacerbating the situation.
The market sentiment towards Solana remains negative as it heads into the new month.
