Solana boasted 66.9 million transactions in 24 hours, demonstrating significant activity. However, the market remains bearish, with selling pressure showing a negative Exchange Netflow. SOL retraced by 18.18% in the month, though it gained 7.09% during the previous week.

SOL’s survival depends on maintaining support between 188.89 USD and 173.24 USD; historically crucial for buying action. If support is breached, SOL may regress to lower trading ranges. A maintained support could signal a possible rally towards its previous highs.