Solana price fails to stay above 200 USD as 1.4 million new holders retrace

Solana’s price is currently at 187 USD, unable to maintain above 200 USD. If the price breaks below 176 USD, deeper losses could occur. On the other hand, reclaiming 188 USD could enable a recovery towards 201 USD.

The sharp spike in the Liveliness metric indicates increased selling by long-term holders, contributing to Solana’s price decline. The recent drop of 1.4 million new addresses suggests waning interest from new investors.

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