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What’s Next for SOL Price? Solana Faces On-Chain Weakness After $150 Rejection: Is a Price Pullback Ahead? $SOL One reason Solana’s price is struggling to rise is the decline in network activity. Data from The Block shows that the number of active addresses on Solana has fallen sharply in recent weeks: from a high of 4.12 million to a low of 3.31 million. The number of new addresses has also taken a hit, dropping from 4.11 million to 3.2 million. This overall decline in usage is making it harder for Solana to break through its current price resistance. Solana is currently getting support around the 20-day EMA, showing that buyers are stepping in during price dips. However, bears are strongly defending a push above the resistance of $150-$160. As of writing, SOL price trades at $145.8, surging over 1.4% in the last 24 hours. Buyers are likely to try pushing the price above the $150 resistance again. If they succeed, SOL could climb to $180. This will create a broad trading range within $110 and $215. On the other hand, if sellers manage to push the price below the 20-day EMA, SOL might drop toward the $133 level. In that case, the price could stay stuck between $105 and $150 for some time. The long/short chart for Solana shows a noticeable drop in the ratio, now sitting at 0.5122. This means about 66% of traders are betting that SOL’s price will continue to fall. #MEMEAct #solana

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