Solana Price Hits 5-Month Low As Fear Takes Over SOL Holders | Airdrop Alert Pro

Solana ((sol) has experienced a sharp downward trend recently, eliminating a few months of recovery in just four weeks. This rapid decline surprised many investors and sparked widespread fear among Saul holders.

Solana’s price drop to a five-month low has raised concerns about Altcoin’s near future.

Solana needs support

Current emotions Solana Market As the NUPL rising (unrealized profit and loss) indicator shows, the vast majority are bearish. This suggests a significant increase in investors’ unrealized losses, which leads to widespread fear. As investors fear further price drops, many choose to leave the network and reduce their participation in the Solana ecosystem.

This fear-driven behavior may exacerbate the problem of declining liquidity, which has been shown in the past few weeks. As participants interact with the network, Solana Price It may be difficult to recover.

Solana’s macro dynamics It also showed signs of weakness. New addresses on the network have fallen to three-month lows, indicating a lack of new investment in SOL. Decline of interest from potential buyers suggests Solana loses its appeal in the market as new investors are reluctant to commit to cryptocurrencies in sustained prices volatility.

This decline in new addresses is a worrying trend as it often indicates a lack of interest and investor confidence in the project. Without new inflows, the price of Solana may face further downward pressure, making it difficult for cryptocurrencies to recover from their previous momentum.

Sol prices can be consolidated

Solana is currently The transaction price is $140, exceeding the critical support level of $138. However, the recent decline from $168 to its five-month low has made the rapid recovery look increasingly questionable. This price drop caught investors off guard, and the outlook remains bearish even though it hasn’t been interrupted below $138.

Solana may continue to consolidate $161 from $138 to $161 as it used to be, but bearish sentiment suggests Sol may slip further. If this merger continues, the price may eventually drop to $131, pushing SOL to a more vulnerable position. This will mark long-term losses for investors.

for Solana is invalid Bearish outlook, price needs to violate the $168 barrier and pour it into support. Actions above this level will indicate recovery and some confidence will be restored. This will help Sol recover from the recent downturn and potentially resume its bullish trajectory.