Solana’s native token SOL is encountering significant headwinds in its recovery trajectory, with technical and fundamental factors suggesting sustained resistance below the $150 threshold. Recent network metrics indicate a contraction in user activity, compounding pressures from a depreciating Total Value Locked (TVL) across decentralized finance applications built on the blockchain. These on-chain challenges coincide with unfavorable flows in exchange-traded products linked to the asset, dampening institutional sentiment. From a chart perspective, analysts identify a recurring technical formation that historically precedes downward movements, with price projections currently targeting the $100 support zone. The convergence of these elements—subdued network engagement, capital outflow from DeFi protocols, and bearish ETF dynamics—paints a cautious short-term picture for SOL. Market participants are closely monitoring these developments, weighing the potential for a reversal against the prevailing negative indicators that currently define Solana’s market posture.
