Solana Price is about to form a death’s cross -country model, pointing to more drops as a decentralized exchange volume, active users and the income crash.
Solana (GROUND) Token plunged $ 159, its lowest level since November 6 and 46% of its highest level in February.
This crash occurred while the ecosystem faces major challenges in the middle of the Low price of the part even. The total market capitalization of all parts even soil increased from $ 25 billion in January to $ 9.8 billion. The most popular tokens such as Dogwifhat, the official Trump and the basswood penguins have lost billions in value.
This trend affected its internal measures. Tokenterminal The data shows that the number of active users fell to 87.3 million, its lowest level since Octover 7. It fell from the summit of 137 million in November. It is a sign that some Solana users have sold their tokens.
Solana’s income had also fallen below $ 1 million a day. He made $ 978,000 on February 14, down compared to the peak of $ 44 million this year.
The decentralized exchange industry is not doing well either because the solana memes diving pieces. It is DEX volume Fucked by 36% in the last seven days to reach $ 16.7 billion, less than $ 18.3 billion in Ethereum and $ 16.9 billion BSC.
Solana price forecasts
The daily graph shows that the soil price has ben in a strong downward trend after having culminated at $ 295.28 on January 19. He formed a double -top graphic model at $ 263, and whose neckline was at $ 169, his lowest swing on January 13. It has already fallen below this neckline, a sign that prevailed.
Solana has also formed a model of death, which occurs when the weighted mobile average of 200 days and 50 days meets. The percentage price oscillator has dropped.
Consequently, the prices of the soil price are lowering, the following point to look at $ 110, the lowest swing in August from last year. This objective is around 30% below the current level. A break above $ 200 level will invalidate the lowering perspectives.