Solana (SOL) Momentum Slows – Is $200 Still in Sight? 📉
Solana (SOL) increased by 28.4% last month, but momentum has slowed. While it briefly reached $184, weekly growth was just 0.78%. Despite this, Solana led DEX metrics with $27.9 billion in weekly volume.
The ecosystem remains lively, with Solana-based apps leading fee generation. However, RSI, Ichimoku Cloud, and EMA indicators suggest a possible period of consolidation or correction.
Solana continues leading DEX volume, surpassing other chains like BNB and Ethereum. Yet, RSI dropped to 51.99, reflecting cooling momentum. Short-term EMA structures reveal a slowdown, raising questions about $200 retest viability.
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