Solana (SOL) has experienced a significant decline of 11.79% in the past 24 hours, trading at $141.22. However, despite this downturn, its social activity is now comparable to Ethereum (ETH), indicating growing interest in the asset. Both Solana and Ethereum have seen strong long-side liquidations, suggesting increased market volatility. Solana's market capitalization has fallen by 11% to $69.94 billion, but its trading volume has surged by 225.77% to $8.58 billion, indicating intense selling pressure. The price of Solana has declined below key support levels, and if it fails to hold above $135, further declines are possible. The immediate resistance level is at $145, and a stronger resistance lies at $150. The Relative Strength Index (RSI) indicates that Solana is currently oversold, potentially leading to a short-term bounce. The Moving Average Convergence Divergence (MACD) confirms the bearish outlook, with no signs of a trend reversal yet. Despite the current volatility, Coincodex predicts that Solana's price will recover in the long term, reaching between $208.62 and $214.04 by December 2025. Investors could potentially see profits of 51.88% if this prediction comes true. However, readers are advised to exercise caution and this article does not constitute financial advice.



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