<ul><li>Solana (SOL) has plunged 38% in 30 days, dropping below $120, with bearish momentum threatening a fall under $110.</li><li>Coinglass data shows $27.3M in liquidations, with SOL hitting $114, falling below its $134 realized price since May 2022.</li><li>Solana’s revenue plummeted 93% to $4M, while DeFi TVL halved to $6.38B, reinforcing bearish sentiment.</li><li>SOL now faces crucial support levels and any recovery requires breaking key resistance zones, with a potential correction below $100 still on the table.</li></ul>

Solana (SOL) At Risk of Falling Below $110 After 38% Plunge

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