The price of Solana (SOL) has dropped significantly, reaching its lowest level since October 11. Various indicators, such as the Relative Strength Index (RSI) and stochastic oscillator, suggest that Solana is oversold. However, the formation of a death cross pattern, along with several factors, including Binance selling SOL holdings, token unlocks, and the decline of the Solana meme coin ecosystem, are causing further downward pressure. Additionally, Solana's network activity has decreased, with a drop in active addresses and a decline in the volume of DEX tokens handled by its protocol.



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