Currently, , and Solana’s Price is under close scrutiny as the network continues to expand its reach in decentralized applications and blockchain innovations.
This week, Solana (SOL) has been hit hard 83,700 SOL valued at $10M in just two days, triggering a 20% price drop. A significant whale also unstaked 134,902 SOL worth $19.26M and placed 135K SOL for sale on Jupiter Exchange, intensifying the sell-side pressure.
Despite a brief rebound from $139.21 to $148, trading volume is down 21% and TVL has fallen 37.92% from January’s $14.5B peak to just $9B, leaving SOL vulnerable to further declines, potentially below $130 unless bulls aggressively step in.
The market sentiment surrounding Solana’s Price is notably optimistic, despite short-term volatility. Analysts point out that as regulatory clarity emerges from recent U.S. executive directives for a crypto reserve, many anticipate that the Solana Price will experience a significant upswing to .
This optimistic outlook for Solana’s price has encouraged traders to reallocate their portfolios in anticipation of a significant price surge, positioning SOL as a long-term asset with considerable upside potential.
