#Solana's #SOL token has dropped to a 45-day low, underperforming the broader #cryptocurrency market with a 24% decline since June 7. 

The price weakness is attributed to reduced on-chain activity, lack of demand for leveraged positions, and competition from other smart contract-focused #blockchains. 

Without increased demand or institutional support, SOL's price may continue to struggle, potentially falling below the $130 support level.
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#Solana #SOL #cryptocurrency