Solana DEX volumes drop to 2024 lows: Will SOL hold $80 as support?
Solana's decentralized exchanges (DEX) have experienced a significant decline in trading volumes, reaching their lowest levels since 2024. This downturn raises concerns about the sustainability of Solana's native token, SOL, particularly its ability to maintain support at the $80 price level. Analysts are closely monitoring market trends and investor sentiment to determine the potential impact on SOL's performance. The decrease in DEX activity could signal broader challenges for the Solana ecosystem amid fluctuating market conditions.
Read the full article: Coin Telegraph