**Solana's Rollercoaster: SOL Surges, Then Dips - What's Next?**

Solana's native token, SOL, saw a wild ride recently, jumping 16.4% between Sept. 18 and Sept. 20, only to fall back 6% to $143 after hitting resistance at $152. This price movement followed the US Federal Reserve's interest rate cut, which sparked a broader altcoin rally.

Despite the drop, Solana's on-chain activity remains strong. Decentralized exchange (DEX) volumes rose 19% in the week leading up to Sept. 23, and active addresses increased by 8%. While the total value locked (TVL) in Solana's DApps dipped 8.5%, this is less alarming compared to other blockchains like Ethereum and Avalanche.

Investors are keeping an eye on these mixed signals, but the data suggests no immediate threat of SOL plummeting to $120.