“The current correction could be the beginning of a stronger move downwards,” commented FX Empire analysts on the situation surrounding the Solana token, whose price dropped by ten percent over the past thirty days. Moreover, they noted that falling network activity and the crossover of daily active user moving averages traditionally signal high risks of further price declines.

As experts stated: “The asset price has fallen below 80 dollars and is moving within a descending channel toward the 68 dollar support level with a potential drop to 60 dollars.” However, they further clarified that weak inflows into Solana ETFs and declining DEX trading volumes highlight a general decrease in investor interest toward altcoins amid macroeconomic pressures.