$SOL The decline in SOL reflects technical weakness after failing to break through resistance and market concerns shifting toward safe-haven assets like Bitcoin, despite the network's strong fundamentals (total DeFi value $8.8B, transaction speed 65,000 TPS). The price will depend on a potential regaining ground above the $125.50 resistance level.
Key takeaway: Can SOL hold support at $120 amidst the low liquidity of the holiday period? A drop below this level could trigger stop-loss selling pressure pushing the price down to $110.
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$SOL The decline in SOL reflects technical weakness after failing to break through resistance and market concerns shifting toward safe-haven assets like Bitcoin, despite the network's strong fundamentals (total DeFi value $8.8B, transaction speed 65,000 TPS). The price will depend on a potential regaining ground above the $125.50 resistance level.
Key takeaway: Can SOL hold support at $120 amidst the low liquidity of the holiday period? A drop below this level could trigger stop-loss selling pressure pushing the price down to $110.