Solana has seen a decline in interest in recent times, with the price falling below $160 for several reasons. The main reason is the decline in activity on the Solana network and the decline in interest in memecoins that had previously attracted investor attention. For example, Solana transaction volume has decreased by 30% over the past month, which has negatively impacted demand for SOL. Also, the total value of assets locked in Solana smart contracts has decreased by 13%, which also indicates a decline in interest in the platform.

Solana faces strong technical resistance at $143-$147, and without a significant increase in demand and network activity, it will be difficult to break through these levels. Moreover, Solana’s problems with frequent outages on the network and lack of liquidity in derivatives are adding pressure on the price, making further gains unlikely anytime soon.

However, some analysts expect a short-term recovery if SOL can overcome the current resistance levels. Predictions indicate that the price could recover to $160, but this will depend on the overall health of the crypto market and user activity on the platform.

If you already own assets in SOL, it is worth considering a waiting strategy, watching for key resistance levels and possible new developments in the ecosystem. However, if the network continues to lose activity and investor interest, selling assets may be more reasonable in the short term.