Solana experienced a nearly 6% increase in value, following the upward trend of Bitcoin. However, the total value of assets locked in the Solana chain has dropped by nearly 50% from its peak, indicating a decline in demand and relevance. This decline can be attributed to the crash of meme coins on the Solana chain and a shift in market dynamics, causing traders to become more risk-averse. The launch of Solana futures and native Solana support on MetaMask are seen as positive developments for the cryptocurrency. Bitcoin's recovery and price changes also have an influence on Solana's price trend. Despite recent challenges, there are signs of recovery for Solana, with the potential to break its downward trend and reach key resistance levels. However, the trajectory of Solana's future depends on various factors, including Bitcoin's price trend, geopolitical tensions, and macroeconomic conditions.



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