đ **Solana's Rollercoaster Ride: Bear Market Blues & Bullish Hopes!** đ
- **Price Action**: Solana (SOL) has seen a 33% rise from its August low, yet remains in a bear market, down 30% from its yearly high.
- **DEX Volume**: Solana's decentralized exchange (DEX) volume dropped by 45% in the past week, handling $7.12B in transactions.
- **Meme Coin Impact**: Popular meme coins on Solana, like Dogwifhat and Bonk, have plunged over 50%, impacting DEX volume.
- **Futures Market**: Futures open interest has stalled at ~$2B, down from a $3.08B peak in July.
- **Bullish Signs**: Strong support at the 50-weekly moving average and a bullish cup-and-handle pattern suggest potential upward movement.
đŹ **What are your thoughts on Solana's future? Comment below!**