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    Home»Altcoins»Solana loses 12% TVL in December – What’s behind the $1.1B exodus?
    Solana loses 12% TVL in December – What’s behind the .1B exodus?
    Altcoins

    Solana loses 12% TVL in December – What’s behind the $1.1B exodus?

    By Crypto EditorDecember 23, 2024No Comments2 Mins Read
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    Solana’s decline in TVL is mirrored by a broader drop in person exercise. Consumer engagement has decreased since December 1, with 5.37 million distinctive addresses finishing a minimum of one transaction previously 21 days – marking a 7% drop in exercise.

    This diminished utilization has impacted Solana’s community income, which has fallen by 24% for the reason that begin of December.

    SolanaSolana loses 12% TVL in December – What’s behind the .1B exodus?

    Supply: The Block

    Moreover, Solana’s native token, SOL, has seen a major 28% lower in worth over the previous 30 days. These mixed components spotlight ongoing challenges for Solana, with each person engagement and monetary efficiency exhibiting indicators of continued pressure.


    Learn Solana [SOL] Value Prediction 2024-2025


    SOL worth underneath stress amid bearish momentum

    SOL is buying and selling at $182.08 at press time, reflecting a 2.11% decline previously 4 hours. The RSI is at 40.65, hovering close to oversold territory, suggesting weakened shopping for momentum.

    OBV signifies diminishing accumulation, aligning with declining worth exercise. A breakdown under $180 may open the door to additional losses, focusing on $175 as the subsequent key help.

    Supply: TradingView

    Conversely, restoration requires an in depth above $190, aligning with the 21-day EMA. Macro sentiment stays bearish, with decrease highs persisting on the chart.

    Merchants ought to look ahead to quantity spikes as indicators of a possible reversal or continuation of the downtrend.



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