Solana Slows Down – Still on Track for $200? 🚦📉
#Solana #Crypto #DEX #SOL
Solana (SOL) surged 28.4% in the past month—but this week, it's tapping the brakes. After peaking at $184, SOL has gained less than 1% over the last seven days. So… is the rally over?
Not so fast. 🔥
🚀 Solana Still Dominates DEX Activity
Despite the slowdown, Solana is crushing the DEX game. With a jaw-dropping $27.9B in weekly volume, it’s leading the pack—outpacing Ethereum, BNB Chain, Base, and Arbitrum. That's four straight weeks at #1.
Just last week, DEX volume on Solana jumped another 45.78%. Even in quieter weeks, it’s consistently above $20B. The ecosystem? Booming.
Four of the top 10 fee-generating dApps are Solana-based. One standout, Believe App, pulled in $3.68M in 24 hours—outperforming even Uniswap and PancakeSwap. 🤯
⚠️ Momentum Is Cooling
But indicators are flashing caution.
RSI has dropped to 51.99 from 66.5—showing traders are getting cautious.
If RSI climbs back above 60, SOL could rally again. But if it dips below 45, more downside is likely.
Ichimoku Cloud and EMA signals are still bullish but weakening. Buyers and sellers are now in a standoff.
🔮 What’s Next for $SOL?
Solana is at a critical turning point.
Break resistance? 🚀 It could target $200.
Fail and lose support? 🧊 A drop may follow.
The structure remains bullish—but the strength behind it is fading. The next few days could decide everything.
Who takes control—buyers or sellers?
We’re about to find out. 👀