Solana's native token, SOL, has dropped 5.5% to $218.36 amid a broader cryptocurrency market correction, with over $1 billion in liquidations. The decline follows Bitcoin's inability to maintain a price above $100,000, negatively impacting altcoins and leading to significant losses across Solana-based tokens. Additionally, a sharp decrease in network transactions and daily revenue has contributed to the bearish sentiment, with potential support levels at $210 and $200, and a possible retest of $180 on the horizon.
