Solana Price Breakdown Looms as On-Chain Metrics Drop by 20%

Quick Summary:

Solana price dropped from $164 to $151 on a low-volatility weekend, registering a 7.5% loss.

Will SOL’s price regain bullish momentum as Bitcoin shows sustainability above $60000?

This pullback can be attributed to a significant decline in classic on-chain activity, including active and new addresses.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: IndiaBrazil

Topics: Price Analysis Solana Price Analysis SOL

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-11 @ 13:42:11 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 40 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22016357

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 14 hours ago

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