Solana (SOL) has experienced a significant drop in price and activity, with a decrease of almost 40% in the past month. The price has fallen from its high of $264 to around $140.54. Concerns are arising among investors about whether SOL can recover. A whale recently unfroze and transferred a large amount of SOL, potentially indicating a sell-off. Additionally, there has been a sharp decline in Solana's total transfer volume, suggesting decreased investor confidence and weaker network use. Analysts point out that SOL investors appear to be in a state of fear, and technical indicators such as the 20-day EMA and RSI indicate a strong downward momentum. SOL is currently trading near a key support level, and if this level is breached, the price could drop further.



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