Solana is starting to show clear signs of a cooldown across its ecosystem. DEX volumes have slipped to $55.5B, the lowest level we’ve seen since September 2024, while network fees are down 42%, pointing to reduced on-chain activity overall
Price hasn’t escaped the pressure either SOL is down about 11% and is now repeatedly testing the key $80 support zone.
This level is becoming the main battleground between buyers trying to defend the structure and sellers pushing for continuation to the downside.
If $80 gives way, the next area everyone is watching is around $75, where price could look for stronger liquidity support.
But if buyers step in here, we could see a relief bounce as the market tries to stabilize after the recent drop.
Either way, Solana is still one of the most active ecosystems in crypto nd this kind of volatility is exactly where sharp moves usually come from. Eyes on how price reacts at this zone
#Solana #BingX
