Solana Price Faces New Risk Despite Growing On-Chain Adoption
Solana price flashes a head-and-shoulders risk as ETF investors exit, while on-chain adoption keeps growing. The post Solana Price Faces New Risk Despite Growing On-Chain Adoption appeared first on BeInCrypto.
AI summary
Solana's price is showing a bearish head-and-shoulders technical pattern while ETF investors are exiting the asset, even as on-chain adoption continues to grow. The divergence between weakening price structure and improving fundamentals suggests near-term downside risk for SOL holders. Traders would watch for a breakdown confirmation of the pattern, which could accelerate selling pressure despite the positive adoption trend.
