Solana’s Price Struggles Amid Market Pressures: Is a Trend Reversal Brewing?

Solana (SOL) is facing challenges as its native token struggles to climb back above the $140 mark despite some recent gains. Factors hindering price recovery include negative funding rates in perpetual futures markets and declining on-chain activity, indicating cautious sentiment among traders. While SOL has lost around 30% in the past month compared to other altcoins, analysts are uncertain whether a sustained bullish trend will emerge.