Solana’s price recently dropped by over 10% in the last 24 hours, falling below $125 to hover near a key support level. Analysts highlight the growing importance of decentralized exchange (DEX) activity and institutional investment as drivers behind this dip while anticipating a potential rebound. Technical analysis suggests the asset is currently oversold but holds firm on a long-term ascending channel that analysts believe could lead to substantial gains. Key takeaways: 1) Solana’s price has fallen, testing its support level; 2) Despite the drop, significant ETF inflows into Solana products show institutional confidence; 3) On-chain activity paints a strong picture for Solana as it remains the leading DEX and app network in terms of volume and revenue. Experts believe these factors point to a potential rebound.