Solana’s token, SOL, faced resistance at $104, causing a 9.8% price drop in just two days.
Transaction volume on Solana hits $1 trillion, with a surge of 30% since December 2023, highlighting its growing blockchain popularity.
Solana’s native token, SOL, has had a difficult moment, with resistance at the $104 mark. SOL fell 9.8% in just two days, from January 30 to February 1, marking its fifth fruitless effort to break past this important resistance level.  Looking at a longer horizon, SOL has decreased value by 10.7% during the last 30 days. 
Record Network Activity
It is worth noting that the Solana network’s transaction volume topped $1 trillion in January, a multi-year high. This astounding growth represents a 30% increase over December 2023, when transaction volume stood at $738.8 billion. Notably, the online transaction activity hit levels not seen since September 2022, totaling $1.55 trillion.
Furthermore, in January, the number of registered addresses on the Solana blo

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