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PumpSwap processes $2.43B in trading volume within 10 days of launch Solana $SOL-based memecoin platform

Solana ($SOL ) is facing increased bearish pressure as its price struggles to maintain momentum. Currently trading at $123.59, SOL has declined by 0.88% over the last 24 hours. The asset reached a high of $127.04, but a dip to $122.78 suggests sellers are gaining control. Key moving averages indicate a challenging short-term outlook. The 5-day MA is at $124.73, while the 10-day MA stands at $124.88, signaling a potential short-term resistance. Meanwhile, the 20-day MA at $125.09 suggests a broader consolidation phase. Volume analysis also reflects waning bullish momentum. With a 24-hour trading volume of 585.02K SOL, market activity remains significant, but the dominance of sell orders (66%) in the order book highlights increased bearish sentiment. Longer-term trends show SOL struggling against extended downside pressure. It has dropped by -12.34% over 7 days, -13.96% over 30 days, and a significant -34.72% over 90 days, reinforcing the need for cautious trading. If selling pressure continues, SOL may test support at $122.50. A strong bounce above this level could reignite bullish momentum, but a breakdown could open the doors to further declines. Traders should watch for volatility and key support zones before making strategic moves.

$SOL same old days 📈📉📈📉🦾🤺 need some solid sentiment on crypto to let it bull run. or may have negative sentiment causing drop 115u