Solana Faces Challenges Amidst On-Chain Activity Decline

Solana 面临链上活动下降的挑战

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

Solana 的链上活动出现下滑，新地址和活跃地址明显下降。

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.

尽管最近反弹至 138 美元，涨幅达 11%，但 Solana 价格复苏的可持续性仍然值得怀疑。多头的目标是将 Solana 推升至 150 美元的 200 日均线上方，但支撑位较低处的抛售压力增加可能会导致价格下跌。

Diminishing Network Engagement

网络参与度下降

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.

在过去 24 小时内，SOL 的价格出现了大量清算，清算总额为 1,320 万美元，其中包括空头头寸 950 万美元。

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 的数据仪表板显示，过去 15 天内新地址减少了 14.7%，从 915,000 个减少到 780,000 个。新地址和活跃地址从 121 万下降至 110 万，表明用户参与度和交易活动减弱，可能会削弱投资者信心并降低对 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.

分析师对 SOL 价格能否持续回升表示怀疑，因为它接近阻力通道而没有足够的购买压力，暗示可能出现逆转。

Market Outlook

市场展望

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 目前交易价格为 138 美元，过去一天上涨了 11%。如果多头能够成功将价格推高至 150 美元以上，可能会引发空头轧空，让空头感到意外。

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 未能维持在 116-120 美元附近的支撑位，抛售压力可能会加剧，可能将 SOL/USDT 货币对推向 100 美元，从而进一步推迟新的看涨趋势的开始。对于多头来说，要想重获动力，迅速突破 150 美元、瞄准 166 美元的 50 日移动平均线至关重要。