#solana is Going Down Today:
๐ Weak Chart Signals
The chart shows that SOL is in a downtrend. Most indicators are showing signs that sellers are stronger right now.
๐ซ Meme Coin Hype is Gone
Twitter (X) recently blocked some popular meme coin launch tools that were built on Solana. That caused less excitement and fewer people trading SOL for hype coins.
๐ Global Uncertainty
Due to rising tensions in the world (like issues between countries), investors are avoiding risky assets like crypto, including SOL.
๐ Low Trading Activity
Fewer people are buying and selling SOL today. Less interest means prices can fall more easily.