That is why Solana’s price risks 40 % collapse

Solana’s price in the bear market remains more than 33 % of its highest levels, as technical indicators indicate a deeper decrease.
Solana (TellerThe distinctive symbol was destroyed to $ 184 on Monday, homing near its lowest level since February 2.
This recession coincides with the growth of the suspended network and fears about the rug carpet within its ecosystem of the coin. Coingecko data shows that the maximum market for everyone Solana Mimi currencies It crashed from more than $ 25 billion in January to $ 11.5 billion today.
Most of the Solana Meme coins decreased with dual numbers from their highest levels ever. The official Trump (TrumpHe decreased from $ 103 in January to $ 18 today. Likewise, symbols such as Fartcoin, AI16z, Gigachad and Popcat have decreased by more than 15 % in the past seven days.
The common trend in the Solana ecological system includes developers who launch Meme coins, artificially inflated, exit, and leaving many merchants with losses. For example, Donald Trump’s familiarity with the Trump icon benefited, with a lot of exchange before collapse. As a result, concerns about the long -term feasibility of the ecosystem of the coin are growing.
This trend has affected the volume of trading in the decentralized drainage protocols in Solana such as Raydium, Orca and Jupiter has declined. Total size Decline About 25 % in the past seven days to 26.21 billion dollars. It was overlooked by the BNB series, which dealt with nearly $ 30 billion at the time.
Another sign of slowdown in the Solana network is Decrease In Stablecoin activity. The total Stablecoin supplies on Solaa have decreased by $ 772 million in the past seven days, while ETHEREUM has increased by $ 1.1 billion during the same period. This is important, because Stablecoins is the main method of exchange in the Blockchain industry.
Additional data shows that the fees created within the Solana Environmental System have decreased in recent weeks. The daily fees of its peak fell 31 million dollars in January to only $ 2 million on Monday.
Technical analysis of prices in Solana
The Daily Chart explains that the price of Sol decreased after reaching $ 300 in January. It has now decreased to the level of decisive support, as it is struggling to move without the rising trend line that connects its lowest fluctuations since August 2023.
Solana is close to the pattern of death intersection, with the average movement of 50 days and 200 days about the landing of the landing. It is also close to $ 170, which is the neckline for a lifeline from top to $ 265.
If Sol decreases to less than $ 170, there is a risk of a declining collapse to $ 110, which represents a decrease of 40 % from the current levels.
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