Is Solana Headed for a Deeper Correction?
Recently peaked in the first half of the year, Solana (SOL) has cooled off since. It boasts a market cap of over $97.87 billion and daily trading volume of over $6.26 billion, down almost 10%, while bearish pressure is building.
The traders are concerned that the short-term support levels are being tested as well, specifically because network congestion problems and fee volatility remain significant issues for the ecosystem.