Solana Forms Death Cross as 10.6% Volume Jump Fails to Halt Price Slide

According to market data, Solana's price has fallen 6.18% over the past 30 days and is showing a new death cross on the hourly chart as the 9-day and 26-day moving averages intersect. Trading volume rose 10.6% to $3.19 billion in the last 24 hours, yet SOL remains under pressure, slipping to $122.60 after an intraday high of $128.39. Analysts note that a potential Cardano-Solana bridge and Solana's strong revenue metrics could offer longer-term support despite the current downtrend.