In the coin world, just a month ago, Solana [SOL] was still looking to break through $180. And now, even after a significant 7% Rebound, it barely holds at $150, marking a big dump of 30% in less than three weeks. While some may blame the overall market weakness, the data tells a clearer story. Among the major coins, SOL has fallen significantly deeper, indicating a structural collapse rather than a simple correlation decay. That's the interesting part. This sustained underperformance relative to the market may not be entirely market-driven. Instead, it could be the result of a feedback loop - one that traps SOL in a range-bound state, while retail investors are caught in the middle of the cycle.
Solana faces strong underwater resistance
Solana has not returned to $200, not at the end of the first quarter, not throughout the entire second quarter