🪙Solona (
$SOL ) – Key Extracted Points
📉 Recent Performance
Down 42% in the last 30 days
Dropped 66% from its $240 cycle top
Currently approaching the $80 level
Could record its 5th consecutive red weekly close if below $87
❓ Why Did SOL Fall Faster Than Others?
1️⃣ Weak Network Fees During Rally
In previous rallies above $200, network fees increased strongly
This time, price went to $240 while fees were declining
Indicates the rally was likely speculative (ETF-driven) rather than usage-driven
2️⃣ Meme Coin Weakness
Solana’s activity heavily depends on meme coin trading
Meme coins underperformed in the last bull phase
Lower speculative activity = lower transaction fees
📊 Bullish Signals Now
✔ Network Fees Are Rising Again
Recently climbed to around 65,000 SOL
Historically, when fees were at these levels, price traded between $120–$180
✔ Weekly RSI at Multi-Year Low
Lowest level in nearly 40 months
Last time RSI was this low, SOL rallied from $10 to $27 in 7 months
🎯 Possible Recovery Scenario
If:
The $75 support level holds
Overall market sentiment improves
Then:
SOL could rebound toward the $120–$180 range
Potential upside up to ~140%
🧠 Bottom Line
The market punished SOL because fundamentals (network usage) did not support the previous rally.
#solonapumping #VVVSurged55.1%in24Hours #USNFPBlowout