Solana (SOL) has experienced a rapid decline, erasing months of recovery in just four weeks. This has caused widespread fear among investors and raised concerns about the altcoin's future. The current sentiment in the Solana market is bearish, with rising unrealized losses contributing to the fear. The decline in new addresses on the network indicates a lack of new investment and investor confidence. Solana's price is currently holding above a crucial support level, but the outlook remains bearish and a further slip in price is possible. To invalidate the bearish outlook, Solana would need to breach a key resistance level and regain bullish momentum.



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