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Solana (SOL) Revenue Falls 93% From January High
Unfortunately, Solana’s technical indicators do not look promising. The coin is inching progressively closer to forming a possible death cross as it faces bearish pressure. If SOL cannot avoid the death cross formation, experts predict more liquidations could occur, further worsening the outlook.
According to CoinMarketCap data, the SOL price was changing hands at $124.39 as of this writing, a 1.06% rise in the last 24 hours. However, the trading volume remains down by 28.42% to $4.4 billion.
Experts believe that Solana’s poor price performance is central to the many challenges the blockchain is experiencing. This has caused investors to lose confidence in the ecosystem.
The article highlights that SOL has been unable to post a rebound to cross $200 in the last 25 days.
Source: https://u.today/solana-sol-revenue-falls-93-from-january-high
