Solana News: SOL Faces Significant Losses Amid Bitcoin`s Decline and Bearish Market Trends

In recent weeks, the Solana (SOL) cryptocurrency has encountered substantial challenges, with its price being heavily impacted by the decline of Bitcoin and a series of bearish market updates. Here`s a closer look at the key developments affecting SOL`s performance.

Solana (SOL) Price Impacted by Bitcoin`s Fall and Bearish Updates

Solana (SOL) has faced significant losses over the past month due to Bitcoin`s fall below $90K and several bearish updates. The SOL price began to accelerate downwards, and sustained selling pressure meant a recovery had not begun. Reduced demand and network activity, a 38% fall in DEX activity, and a drop in total value locked (TVL) were among the bearish developments. The key resistance level for recovery was identified as $140-$150, and SOL fell below $180, raising questions about whether $120 could be next.

Solana Sentiment Hits 1-Year Low; Predicted Drop to $70

Amid the market correction, Solana (SOL) saw a massive price drop to a five-month low. Market analysts predict further bleeding if SOL fails to reclaim its key support levels. Bitcoin (BTC) also dropped, losing the $90,000 support for the first time since November, affecting the overall crypto market sentiment.

Lightchain AI: A Second Chance for Early Crypto Entry?

If you missed the early entry into Solana, there`s still a chance to get in early on a promising new project. Lightchain AI, now in presale at $0.006, has already raised over $16.4 million. With its innovative technology and strong community backing, Lightchain AI aims to disrupt the crypto space, potentially offering similar growth to Solana`s early days. Solana (SOL) is currently trading at $165.18.

How to Create a Meme Coin on Solana (SOL)?

Meme coins have exploded in popularity, and Solana (SOL) with its lightning-fast transactions and ultra-low fees has become a top choice for creators looking to launch a viral crypto token. This guide covers conceptualization, branding, token creation, smart contract deployment, and marketing strategies to launch a Solana meme coin.