- Solana failed in contrast to its declining course, despite the extraction of Stablecoins USDC, totaling more than $ 9.5 billion.
- At the time of this report, Solana is trading at $ 127.48, a decrease of 7.81 % in the past 24 hours.
Merchants restore the effects of trade tensions on global economic activity and Bitcoin reserve order of US President Trump, which has caused the continued bleeding. The total market value of all cryptocurrencies has decreased, while diving at Bitcoin price to 81 thousand dollars. This is despite Trump’s executive order on Thursday, which authorized the formation of the stock of digital assets and officially established the strategic Bitcoin reserves.
Although Solana is one of three encrypted currencies listed in the stock of US President Donald Trump’s digital assets, a decrease has occurred anyway. According to CMC statistics, Solana Price decreased by approximately 28 % in the last 7 days. Although it received $ 10 billion of fresh liquidity and was included in the US digital asset stock.
Bears in full control
Solana has failed in contrast to its declining path despite the extraction of Stablecoins USDC, which has a total of more than $ 9.5 billion since January 1, 2025. It is assumed that the newly created liquidity has gone to Memecoins instead of increasing the Sol price, according to some analysts. Moreover, according to analysts, after the latest wave of mechanical fraud, investors may search for safer assets, which may explain some of the fall of Solana.
At the time of this report, Solana is trading at $ 127.48, a decrease of 7.81 % in the past 24 hours. Moreover, the trading volume rises 64.49 %. The Sol price decreased by 33.95 % in the last 30 days.
The price recently broke out to less than the support level of $ 131. If the bears lead the price to less than $ 124, the price is likely to decrease to the support level of $ 103. However, if the price is able to break the level of $ 140, it is possible that a short -term rally will witness towards the resistance level of $ 153.
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