The post Solana Faces Decline Toward $100 As Active Addresses Plunge By 30%! Here’s Next SOL Price Level appeared first on Coinpedia Fintech News
Solana’s value is witnessing a decline in investor interest, triggered by a drop from a key resistance level. This has plunged investor sentiment by maintaining its price around the $100 threshold. This drop in value follows Bitcoin’s rejection near the $53,000 peak, sparking a series of long liquidations throughout the market. As a result, the current bearish sentiment is supported by on-chain metrics as they indicate that Solana’s decline below immediate support lines might be nearing, with signals pointing towards a bearish pattern.
Solana’s Active Addresses Sees A Steep Decline
In the past 24 hours, the cryptocurrency market experienced total liquidations exceeding $300 million, with buyers offloading positions valued at more than $220 million. Solana, in particular, saw long positions worth over $10 million bei
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