Solana price is preparing a wild ride as a risk

The price of Solana collapsed two straight days such as the constant resale cropto in the market hit the ecosystem of its Meme.

Solana (Salt) fell to $ 127 on Saturday, up to 15% of her highest point this week. She fell on his lowest level since March 2021. Years.

The decline occurred like most solan memes of coves collapsed, wiping most of the winnier profits this week. FartCoin (Ftrcoin) crashed by 15% on Saturday while popular tokens like popcat (Popcat), AI16Z (AI16Z) and Bonx (Stifle) fell by over 10%.

The market cap of all solic memes coins followed over 10% to $ 7.2 billion. This drop means that these tokens deleted over $ 18 billion in the last few days in the last few days.

Third parties data show that crypto merchants bought Rally Sialani Meme Colli Rally at the beginning of this week.

Toward Defi LlamaThe volley of Dex’s quantity increased by 60% in the last seven days to over $ 3 billion. This volume was higher than Ethereum (El) and the BSC, who managed $ 11.35 billion and $ 8.9 billion, respectively. It was the first time in the weeks that Solan Deck protocols ached from the two of them.

Most Solan DEK companies came from the pump that managed transactions in the amount of $ 2.8 billion. They beat other popular DEX networks like Orca, Meteor, Raidium and Life, who had long had a great market share.

Solana had some other positive news this week. The most prominent was Balkrock, the largest asset manager in Global, Extended BuidlHis money market fund, online. This is a notable development because Buidl property has risen Over $ 1.86 billion.

Technical analysis of the prices of Solana

The daily shows that the solan coin sank in the last few months, crossing January 295.45 to $ 126. He recently formed a flag bear pattern, consisting of a high vertical line and a rectangle.

Solana also formed a death sample at 4. March as 50-day and 200-day movement of average, as they directed downwards.

Therefore, the combination of the cross of death and the bear flag indicates a strong failure, potentially up to $ 100. To make it happen, it will need to be bend under the support at $ 120, where it failed to fall below several times since April last year.