SOL Experiencing Downtrend: TVL Drops, Memecoin Mania Wearing Off and Price at Risk of Falling Below $110

Crypto

Key Takeaways: The Total Value Locked (TVL) in Solana has dropped 40% in the past month, mirroring a broader decline in activity across its network. The memecoin frenzy on Solana is also fading, contributing to periods of stagnation for SOL’s price. In technical terms, the SOL price is likely to visit $110 before encountering strong support. [&hell

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