SOL falls below the $140 support line, on-chain data cooling suggests increased pullback risk

GasFeeLady

2025-12-01 09:40:22

[Coin World] SOL's recent performance has indeed made people sweat; it couldn't hold the defense line at 140 dollars and has now dropped to around 130. What's more troublesome is that the on-chain data is also not very encouraging—since the middle of this year, the number of active addresses has been stuck in the range of three to four million every day, and the volume on DEX platforms like Jupiter has been declining steadily. Retail investors are not playing much anymore, speculative trading has also cooled down, and naturally, the buying interest has thinned.

The bulls are currently holding on to the area between 121 and 128, but the technical outlook does not look optimistic. If the on-chain activity does not pick up, or if there is no movement in the meme coins, this pullback may continue to dig deeper, and it might really test the psychological barrier of 100 dollars. In the short term, we still need to closely monitor on-chain data and changes in market sentiment.

SOL-10.02%

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TestnetNomad

· 10h ago

130 can't be held, it's really a bit precarious... retail investors have all fled, where will the activity come from?

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SchrodingersPaper

· 10h ago

Damn it, it fell again. I had high hopes for the 140 support line, and now I really feel like dumping.

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ShitcoinConnoisseur

· 10h ago

140 couldn't be held, this time SOL is likely to recover losses.

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AirdropHunterXiao

· 10h ago

140 has fallen, so let it be. The key is that the on-chain data is really chilling, is it interesting that the active addresses are stuck like this? --- Retail investors have all run away, I'm also thinking about whether to cut loss and get out first. --- No movement in memes, which shows that the market really has no heat. This pullback is probably not going to rebound so quickly. --- Sticking to 121 to 128? Uh... I think it's unlikely. Without on-chain activity to support the market, the technical analysis is pointless no matter how optimistic it is. --- The psychological barrier of 100, right? Then I have to be prepared, this time it might really hit the bottom. --- Jupiter's volume keeps dropping. Where's the promised Solana ecosystem? This is the most heartbreaking. --- Now it's the world of short positions. It doesn't matter how hard long positions try to hold the line, it's useless.

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ImpermanentSage