#StrategyToIssueMorePerpetualPreferreds Solana Distribution Pattern Keeps $190 in Focus for Bulls
Solana extended its decline this week as selling pressure pushed the token toward a critical technical zone. The asset trades near $80 after losing over 12% in seven days. Daily volume exceeds $4.3 billion, showing active positioning from both bulls and bears.
With a market cap above $45 billion, Solana remains a major large-cap asset. However, analysts now debate whether this level marks a short-term floor or signals further downside.
🔸 Support at $72 and $64 Faces Early Pressure
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