The Solana price is experiencing downward pressure, with a current value of $135 in the U.S. trading session on Friday. This can be attributed to significant SOL unstacking and a delay in the approval of a U.S.-based SOL ETF.
Security vulnerabilities are also contributing to the bearish outlook, posing risks of prolonged price correction. As a result, other emerging cryptocurrencies might soon challenge Solana's dominance.
