If the price breaks below $154 level, then it will likely test $147 support level.
At the time of writing, SOL is trading at $157.65, down 0.62% in the last 24 hours.
With $3.04 million active addresses per day, Solana is at the top of the list. This statistic sheds light on how active the networks’ users are. The network has gained a lot of attention this year, especially during the meme coin craze, which has increased the number of users.
New protocols have been introduced to the blockchain, such as Pump.Fun, which has greatly enhanced the network’s meme coin trading capabilities. Also, more and more people are interested in investing in Solana after the launch of SOL liquid staking.
However, significant selling from the Pump.fun fee account and a normal decline after a three-week surge are the likely causes of the increased selling pressure lately. In the last five days, the Pump fun fee account has sold 122,250 SOL, which is about $18.9 million, according to Lookon
We współpracy z: https://thenewscrypto.com/solana-price-faces-brief-correction-post-recent-rally-to-161-level/
