Solana Death Cross Points to Bol A ForeAd as Resta Meme Coins

Solana price has collapsed to a crucial support and risks to further reject after the formation of death samples.

Solana (Salt), One of the best cryptocarnets, in the meals are 20% to 53%, 53% from its highest levels this year.

This decline coincided with current troubles in its ecosystem because most of the men’s coins have strayed. COINGECKO data show that the market cap of all solic memes coins has collapsed from over $ 25 billion in January to $ 7.6 billion.

Official trump (Abdomen), the greatest Solana Meme coinHe fell by 10% in the last seven days, giving him a market hat of $ 2.4 billion.

Other Meme coins like Bonk, Dogvifhat, Pudgi Penguins and FartCoin slipped over 20% in the last seven days. In considerably, only the official trump transmission of Meme has a market hat of over a billion dollars.

Mema Solana Meme coins have become toxic funds after several profile blows in the last few weeks. The most prominent was the scales, which came to a market hat of over $ 4 billion after promoting Javier Miley and then crashed.

Solana Price is not reinforced to the prospects to be included in the CRIPTO Stockpile President Donald Trump. Polimarket survey With $ 301,000, assets show that the chances of strategic solar reserves dropped to only 25% of over 40% earlier this month.

On the positive side, there are increased quotas, which will approve the Securities and Exchange Commission with the SOL ETF later this year. These chances jumped to 86% on polymarket.

Further decreases?

The daily shows that salt price was in the steep trend down in the last few months. It stambled today from close to $ 300 to $ 140.

Sol crashed below the upward trendline that connects the lowest anger since August last year. It was also moved below the key support level to $ 170, the lowest swing 13. January and dual-above sampling decolete.

She also formed a death sample in the form of a 50-day and 200-day cross-section of moving each other.

Therefore, the coin will probably continue the decline, and the next target level is a psychological point to $ 100.

Why a saltwork?

Solana was launched in 2020. years Anatoli Ekovenko, former KualCom engineer, together with co-founder Greg Fitzgerald and Raj Gokal. Its block is designed to offer high bandwidth, low transaction costs and fast-speeding speeds using a unique consensus mechanism called evidence of history (POH) in combination with proof of shares (POH).

So far, it has attracted a large community of developers, which encourages the environment mature for experimentation, including creating memes coins.

Meme coins succeed in their block-U in a few key reasons:

• Low transaction fees: It is affordable that developers launch Tokens and often trade them with users, which is ideal for speculative and often a high volume I like for Meme coins.

• Speed ​​speed: It can process thousands of transactions in seconds, which ensures that liquidity and minimizes slip during trading, attracting a coin substitute that often persecute quick winnings.

• Tools customized by developers: It offers a robust development environment with tools such as Solan Library (SPL) and strong support for rust program. This simplicity of application encourages fast launch of coin memories, often with minimal effort.

These factors combined make salt a popular choice for launching memes coins, despite the risks of volatility and fraud in space.