Why is SOL going down?

As a keen observer of the cryptocurrency market, I've been wondering why the price of Solana (SOL) has been trending downwards recently. SOL, which has been touted as a potential rival to Ethereum in the smart contract and decentralized finance space, has seen a significant decline in its value. Could this be due to concerns over its scalability and transaction speed? Or perhaps investors are shifting their focus to other projects? Could there be a fundamental issue with the SOL blockchain itself? Or is this simply a market correction as part of the volatile nature of the cryptocurrency market? It's an intriguing question that I believe deserves further exploration.