According to external sources, despite the recent weak price performance of SOL, the trade dynamism of the Solana chain is still rising, indicating that its ecological use needs are not synchronous with the fall in prices. According to the article, the discrepancy between the data on this chain and the price performance means that the market is still watching whether the fundamentals can re-energize the buyback.
The chain keeps going up.
The article mentions that the number of Solana transactions has remained at a high level over the past months, with further signs of improvement in the near future. This indicates that users continue to use the public chain on an ongoing basis, with related activities covering such scenarios as transactions, DeFi and payments.
From this perspective, the Solana ecology has not been significantly cooled by price adjustments. According to external sources, such low-level activity is not usually immediately reflected in currency prices, but often becomes an important reference when markets seek to repair the signal.
Social heat cooling.
Unlike the upswing in the chain, community participation and the upswing of creators around SOL are declining. This, according to the article, reflects a decrease in the visibility of the dispersed population at higher levels than in the previous cycle, as well as a decline in the short-line mood.
A cooling down of social discourse usually means a weakening of market speculation. For prices, it weakens short-term mobility and makes it more difficult for SOL to achieve sustained breakthroughs near critical resistance positions.
68 to 70 dollars is critical support.
According to the article, SOL currently fluctuates around $73 to $75, an area that has become an important support belt. The US$ 68 to US$ 70 areas below are considered to be broader demand areas. Once broken, prices may face a deeper reversal.
The resistance above is in the vicinity of $82. SOL has tried to go up several times in recent times, but has not been able to stand steady above this position. If there is a subsequent breakthrough of $82, there is an opportunity to look further at $95; if the purchase continues to grow, the higher position may extend to near $110.
Currently, SOL is still shaking between support and resistance. According to the article, the next focus of the market is whether the chain activity can be converted into a more direct buyout, and whether the 68 to 70 dollar support area can be maintained.