Solana (SOL) Faces Pressure as It Loses 40% Growth Momentum

Solana (SOL) is facing pressure as the price has decreased after a lack of active participation from retail investors, which may have created an abnormal situation in its growth momentum. Although the price of SOL increased by 46% in November, the absence of retail traders is a concerning sign, suggesting that this upward trend may not be sustainable.

Additionally, Solana has returned to its old peak of $260, but its market capitalization has increased by 55% compared to 2021, leading to a disconnection between price and market cap. Currently, SOL is hovering around $230, with potential support at $225; however, indicators also show that selling pressure is increasing, which may lead to the price dropping below this support level.

Overall, the current situation of Solana indicates a potential correction, and investors should closely monitor market indicators to make informed decisions in the near future.