Why SOL Is Struggling to Hold Its Ground

[chainsniff]

Total Value Locked on Solana (left) vs. 7-day DEX volumes, USD. Source: DefiLlama

Solana’s SOL dropped 6% after failing to break $147, with traders turning risk-averse on weak U.S. job data and soft consumer sentiment.
Falling DEX volumes and shrinking ETP inflows are putting pressure on prices. Solana’s TVL slid from $13.3B to $10.8B, while major ecosystem projects saw deposits fall over 20%.
With leverage traders wiped out and on-chain activity cooling, many now doubt a quick return to the $200 level.

[Nahid Hossen]

Network bottlenecks and market rotation are weighing on SOL.

[Nahid Hossen]

SOL needs stronger catalysts to recover momentum.