$SOL is facing a tough battle below $200, down almost 17% from the monthly highs above $220. After multiple failed attempts to break key resistance levels despite the previous bullish momentum, the $SOL price is now feared to plunge below the multi-month support level, raising concerns over the upcoming price action.

One of the major reasons for the downfall is controversy surrounding the ecosystem with scams linked to memecoins like $LIBRA , Pumpfun, and Meteora, leading to community concerns.


#Macro Insights# #Solana #Meme Alpha#

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February 17, 2025 at 9:08 AM
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