Solana (SOL) struggles to maintain upward momentum, facing pressure from significant ETF outflows totaling $8.2 million and disappointing network activity. The Total Value Locked (TVL) in Solana has decreased by 20% due to dwindling demand.
A bearish flag pattern suggests SOL may drop further, possibly reaching $100, as weak on-chain performance continues to undermine price stability. Traders are observing critical levels that could dictate future price action.
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