🔴 $SOL Still Wins Despite 10% Drop🔴

Despite a significant 12% price drop in the last 24 hours, Solana (SOL) remains up 10% over the past 30 days. Currently trading near $161, SOL has outperformed Ethereum (ETH) in both price surge and Decentralized Exchange (DEX) trading volume.

According to Wu Blockchain, Solana’s monthly DEX trading volume reached $55.876 billion, surpassing Ethereum’s $53.86 billion. This marks the first time since July 2024 that Solana has led in this metric.

While SOL faces a bearish outlook and risks falling to $150 if it fails to stay above the $161 support level, it remains above the 200 Exponential Moving Average (EMA), indicating long-term bullish potentiaL

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