$SOL

Solana ($SOL) is facing bearish pressure amid broader market uncertainty and increased network competition. Despite its strong fundamentals and high-speed blockchain capabilities, recent price action suggests weakening momentum. Technical indicators show a downward trend, with $SOL trading below key moving averages and support levels being tested. Investor sentiment has also turned cautious due to macroeconomic concerns and shifting capital flows toward more established assets like Bitcoin and Ethereum. Additionally, sporadic network outages and regulatory scrutiny over altcoins add to the bearish outlook. Until clear bullish signals emerge or market confidence returns, Solana may continue to face downward pressure in the near term.