Solana Faces Challenges Amidst On-Chain Activity Decline

Solana 面臨鏈上活動下降的挑戰

Solana's on-chain activity has witnessed a downturn, marked by a noticeable decline in new and active addresses.

Solana 的鏈上活動出現下滑，新地址和活躍地址明顯下降。

Despite a recent rebound to $138 with an 11% surge, the sustainability of Solana's price recovery remains questionable. Bulls aim to push Solana above the 200-day EMA at $150, but increased selling pressure at lower support levels could drive prices down.

儘管最近反彈至 138 美元，漲幅達 11%，但 Solana 價格復甦的可持續性仍然值得懷疑。多頭的目標是將 Solana 推升至 150 美元的 200 日均線上方，但支撐位較低處的拋售壓力增加可能會導致價格下跌。

Diminishing Network Engagement

網路參與度下降

Over the past 24 hours, SOL's price has seen significant liquidations, with $13.2 million in total liquidations, including $9.5 million from short positions.

在過去 24 小時內，SOL 的價格出現了大量清算，清算總額為 1,320 萬美元，其中包括空頭部位 950 萬美元。

The Block's data dashboard indicates a 14.7% reduction in new addresses over the past 15 days, from 915,000 to 780,000. The decline in new and active addresses, which have dropped from 1.21 million to 1.1 million, suggests waning user engagement and transaction activity, potentially eroding investor confidence and lowering demand for SOL.

Block 的數據儀表板顯示，過去 15 天內新地址減少了 14.7%，從 915,000 個減少到 780,000 個。新地址和活躍地址從 121 萬下降至 110 萬，顯示用戶參與度和交易活動減弱，可能會削弱投資者信心並降低對 SOL 的需求。

Analysts express skepticism about the continuation of SOL's price recovery as it nears resistance channels without adequate buying pressure, hinting at a possible reversal.

分析師對 SOL 價格能否持續回升表示懷疑，因為它接近阻力通道而沒有足夠的購買壓力，暗示可能出現逆轉。

Market Outlook

市場展望

SOL currently trades at $138 after an 11% increase in the past day. If bulls can successfully push the price above $150, it could trigger a short squeeze and surprise the bears.

SOL 目前交易價格為 138 美元，過去一天上漲了 11%。如果多頭能夠成功將價格推高至 150 美元以上，可能會引發空頭軋空，讓空頭感到意外。

However, if Solana fails to maintain support around $116-$120, selling pressure could intensify, potentially pushing the SOL/USDT pair towards $100, further delaying the onset of a new bullish trend. For bulls to regain momentum, a swift move above $150, targeting the 50-day SMA at $166, is crucial.

然而，如果 Solana 未能維持在 116-120 美元附近的支撐位，拋售壓力可能會加劇，可能會將 SOL/USDT 貨幣對推向 100 美元，從而進一步推遲新的看漲趨勢的開始。對於多頭來說，要重獲動力，迅速突破 150 美元、瞄準 166 美元的 50 日移動平均線至關重要。