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Solana (SOL) Price: Network Activity Declines as $150 Resistance Holds Firm

  • Solana's native token SOL is facing ongoing resistance at the $150 price level, with a sharp 8% rejection after briefly touching $147 on March 25.
  • Solana's DApp revenues have dropped from $23.7 million to $12 million in just two weeks, while chain fees fell from $6.6 million to $3.6 million.
  • Technical analysis shows SOL forming a bearish falling wedge pattern, with a potential 12% drop to $120 if it breaks below the $136 support level.
  • Solana has lost its dominant position in DEX volumes to BNB Chain, despite having 34% more total value locked.

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