Solana's native token, SOL, has seen a 24% correction since June 7, underperforming against the total cryptocurrency market capitalization. Several indicators suggest SOL's bearish momentum is likely to continue, potentially leading to a retest of the $130 level or lower. Part of the reduced interest in cryptocurrencies can be attributed to the strong performance of the S&P 500 index. Despite the cryptocurrency market's higher potential, investors are concerned about the sustainability of the U.S. economy's growth due to high interest rates. This risk is particularly burdensome for altcoins like SOL. Furthermore, Solana's native staking reward rate is only 1.3% above the SOL token inflation rate, impacting Solana’s total value locked (TVL), which has stagnated below $30 million since May.