While rally with bitcoin, Solan received approximately 6%, as the largest cryptocurrency supports get $ 80,000 as support. However, the total value of closed assets in the Solan series is $ 5.26 billion from its peak, a drop of about 50%. TVL represents demand and relevance for a series, which means that Solana shifting market is negatively affected by dynamics.
The coins of the Solan-based Meme-based Meme admitted that the catalyst driving benefits in Sol (Sol) in this market cycle are struggling to recover traders.
Solana state
The total value of the locked assets is a major metric used in DEFI to track the relevance of a series, the relevance of a chain and the demand between the Crypto traders. The TVL tracked on Difilama suggests that Solana is slowly losing relevance in the Crypto market cycle running.
Sol TVL is below $ 12.191 billion to $ 6.939 billion at the time of writing. This marks a decline of about 50% in the series TVL. One of the leading catalysts behind the fall is a meme coins on the Soul series.
In the last month, the top 10 protocols on Solana blockchain disappeared up to 40% in TVL. The top three catalysts affecting this change flash crash of bitcoins, meme coins disputes around meme coin (Libra), Meme coins, the price decline in the value of the official Trump (Trump) tokens, and the Crypto traders are turning to risk in response to American macroeconomic incidents.
Three Market Movers has contributed to capital outflow from the top 10 Solana Protocol and has major meme coins on Sol Chain. Difilama showed 1-day, 7-day and 1 month of change in TVL in Jeeto, Jupiter, Cupid, Marines, Radium, SECTAM, among other chains.
Solana meme coin market analysis
On coingecko, Solana Meme token category metrics show some recovery. The market cap of all tokens in the category has climbed to $ 8.949 billion. Two of the top five Solana-based memes have obtained negative returns in the last 24 hours, Trump and Bonak (Bonak).
The other three, Dogwifhat (WIF), Pudi Penguin (Pengu) and AI16Z (AI16Z) have started their recovery in the previous day. More than half of the people of Solana-based Meme were cured in double digits in the last seven days.
Statistics suggest that there is a change in market dynamics and the attention of both capital and traders is transferred to other categories of Crypto tokens from the “Mem coin” area.
Bitfinex analysts evaluated recent events in the market and observed that the launch of a meme coin associated with the US President is one that caused a significant loss and a liquidity drain in the coins of other memes on the Solana network, a negative catalyst for the category.
Market Movers and Solana Catalyst
The world’s largest futures exchange, CME Group announced Launch of Solan futures, a rapid development for the atherium contestant. Comes after news Metamaska’s roadmap release Where the browser-based cryptocurrency wallet discusses in May 2025 in addition to the indigenous Solana support.
Solana is the first non-EVM series supported by browser wallet and adds functionality to buy, sell, swap and interact with dapps throughout the entire solcosystem. All existing users of the series will get access to the same characteristics of Metamaska that enjoy with other chains supported by the atherium user wallet.
Bitcoin’s recovery and BTC receiving support of $ 80,000 after a flash crash on Friday is one of the major drivers in the Crypto market. Solana and Bitcoin enjoy 0.83 correlation in a time limit of three months. The price change of bitcoin is therefore affecting the Solana price trend.
The re -test of bitcoin in $ 95,000 and a rally towards $ 100,000 milestone is two development that can positively affect the Solna price trend in the coming weeks, while tokens are heavy.
Sol on chain analysis
Solana’s on-chain matrix show signs of recovery in tokens in the coming weeks. After several days of negative funding rates on the bennens, Solana observes positive wealth or rapid prejudice among derivative traders on Friday.
Total open interest, a metric that tracks the value of all open derivative contracts in Solan, rises, climbing more than $ 2.26 billion on 28 February. Sol value was recovered after a trend below weeks, about 6%a day.
Increased open interest and positive funding rate supports a speeding thesis for the recovery of Solana from moderate to short -term.
Solana value forecast
Solana can break its multi-maiden trend with a daily candlestick in resistance area between $ 147.09 and $ 166.42. These two levels mark the upper and lower range of a reasonable price difference, which is an inability in the market. Once the sole breaks from the resistance area, the next major level for traders is resistance at $ 180.
The level of $ 180 has served as a support for about three months, making it an important level for sole. Above this level a daily candlestick can prepare Solna for a level of $ 200, which is a major milestone for Sol.
Technical indicators on the daily deadline, RSI and MACD support the thesis. The RSI reads 32 and is malling upwards, above the “oversold” zone for Solana. MACD negative speed refers to the underlying sole value tendency.
Ryan Li, chief analyst at Bitgate Research, commented on Solan’s recent price action, recently incidents such as Bibit Hack and Bitcoin ETF outflow. Ryan Lee shared the following comments with Crypto.news in a special interview:
“Trump’s new tariff on China, Canada and Mexico has shaken the Crypto market, which runs the decline in Solan’s 40% TVL, deteriorated by Bibit hack and the Bitcoin ETF outflows more than $ 2 billion, showing the confidence and liquidity of the weak investor, showing the confidence and liquidity stress.
A recession points shows that if business stress increases, inflation increases, or rises. The trajectory of the pricing bitcoin, China’s reaction, federal reserve action, and whether the regulatory support imbalance of Trump rests on macroeconomic headwind. Important developments are expected within the next 30 days, making this duration important for market clarity. ,
Disclosure: This article does not represent investment advice. The materials and materials painted on this page are only for educational purposes.
