I've been analyzing Solana's technical condition, and the outlook appears bearish. From a fundamental standpoint, there's limited excitement, with daily transactions and active addresses showing sluggish growth. Decentralized exchange volumes have also remained relatively low since July, adding to the lackluster sentiment.

Solana's price movement is heavily influenced by Bitcoin's performance, particularly during US trading sessions. The correlation between the two assets is significant, and Solana's prospects hinge on Bitcoin's stability. If Bitcoin avoids heavy selling pressure, Solana might break above the critical resistance zone of $142-$144, presenting a bullish scenario.

However, if Bitcoin remains weak, Solana will likely continue its bearish trend. The key resistance level of $142-$144 remains a crucial hurdle. Solana's strength is inextricably tied to Bitcoin's recovery, making their correlation a vital factor in its price movement. I'll be monitoring these dynamics closely to assess Solana's future prospects.

$SOL $BTC #solana #10MTradersLeague #BTC60KResistance #solanameme #meme