This is the first time Solana has fallen against Bitcoin since 2023.

This coincided with FTX announcing the release of some of the $SOL frozen Solana coins in the coming period; but in my opinion, the main reason is the network's reputation due to the presence of meme coins that caused huge losses, especially what happened recently with the Libra coin launched by the Argentine president.

If the weekly closings continue with this negativity, we may witness more declines in the coming period before it rises to a new peak, and the decline targets for me are $131 to $106.