Solana Price at Turning Point as TVL Falls
Solana (SOL) price is at an inflection point, registering another downtrend, while the ascending trend line support continues to stand. Amid bearish momentum, a breakout and close below the trendline could send SOL off a cliff, as its Total Locked Value falls.
Between January 11 and 13, SOL's TVL has fallen from $1.417 million to $1.333 million, representing a 10% drop in two days. This points to the outflow of money from the SOL ecosystem, accentuating the bearish outlook.
