$SOL Solana (SOL) currently trades around $148.37, showing a slight daily increase. However, some analysts anticipate a potential sharp correction to the $30 level, citing weak support above this range. Technical analysis presents mixed signals, with bearish divergences noted on weekly charts despite a recent breakout.

Recent news highlights strong on-chain activity and increasing DeFi trading volume on Solana. The ecosystem continues to expand with projects like Solaxy, a layer-2 solution aiming for 10,000 TPS, experiencing a successful presale. DEX aggregator 1inch has also integrated with Solana, boosting its DeFi capabilities. Despite some short-term bearish sentiment, the long-term outlook for Solana remains positive for many.