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$SOL SOL Market Analysis
As of March 24, SOL is oscillating narrowly in the 82–88 USD range, with short-term repeatedly testing the key 80 USD support level. 24-hour trading volume has significantly contracted, with market sentiment depressed and a decline exceeding 15% from recent highs. Technically, bears are in control, with weekly and monthly declines both exceeding 14%, and DMI showing strong downward momentum. Fundamentals are under pressure, with Solana ecosystem DApps revenue falling to an 18-month low (approximately 22 million USD), continued ETF fund outflows, and warming put option sentiment. Futures funding rates have been negative for 21 consecutive weeks, indicating insufficient bullish confidence. In the short term, if 80 USD is broken, it may probe support at 75–65 USD; rebound resistance is first seen at 90–95 USD.