Solana Price Forms Death Cross as active users, revenue disruption

Solana PRICE is about to form an intersection pattern for death, pointing to more negative aspects such as decentralized exchange, active users, and revenue disruption.

Solana (TellerThe distinctive symbol has been covered to $ 159, its lowest level since November 6, and 46 % of its highest levels in February.

This incident occurred as the ecological system faces major challenges in the middle Weak price of the coin. The total market value of all Sol Meme currencies moved from $ 25 billion in January to $ 9.8 billion. He threw most of the very popular symbols such as Dougouchers, official Trump, and billions of bodily bodies.

This trend has affected its internal standards. Tokenerminal Data shows that the number of active users has decreased to 87.3 million, its lowest level since Octover 7. It has decreased from the highest level in November 137 million.

Solana’s revenues also decreased to less than one million dollars a day. He achieved 978,000 dollars on February 14, a decrease from the height of this year of $ 44 million.

The decentralized drainage industry does not work well because the Solana Meme currencies sink. that it Dex size It has decreased by 36 % in the past seven days to $ 16.7 billion, less than ETHEREUM worth $ 18.3 billion and $ 16.9 billion.

Solana Price’s expectations

The Daily Chart explains that the price of a Sol in a strong downtown direction after peak at $ 295.28 on January 19. He formed a top -like plan at $ 263, and the neckline was at $ 169, which is the slightest swing on January 13. It has already decreased below the neckline, a sign that prevailed.

Solana also formed a cross -death style, which happens when the moving average crosses for 200 days and 50 days together. The percentage of oscillator has moved down.

Therefore, the expectations of the Sol price are declining, with the next point for watching $ 110, which is the slightest swing in August last year. This goal is about 30 % lower than the current level. The break above the level of $ 200 will invalidate the homogeneous expectations.