Worrying Outlook on the Solana (SOL) Network! Is It All Over?

According to the cryptocurrency analysis platform Santiment, Solana (SOL) is a far cry from its former glory days.

According to Santiment, confidence in Solana is declining due to network issues and weak technical indicators.

According to Santiment’s latest analysis, investor sentiment toward Solana is rapidly declining, and SOL is down 67% from its peak last year.

“The great interest in Solana in 2025 has almost completely disappeared, and its market value has fallen accordingly. It has decreased by 67% since its peak price of $249 on September 18, 2025.”

Solana, ranked 7th by market capitalization, had a social media dominance exceeding 6% during periods of high positive sentiment, but it has now fallen below 0.4% on a daily basis.

Santiment pointed to several key reasons for the decline. “First, the Solana network underwent a critical security update in January 2025. Then, in early February, there was a significant network outage, halting block production for several hours. These events directly impacted user trust and developer activity on the chain.”

Solana’s technical outlook has become increasingly bearish. Weakening technical indicators like the Relative Strength Index (RSI), negative funding rates, and a broader crypto market correction driven by strong short positions and liquidity outflows on exchanges all point to a decline.

However, Santiment added that there are also more positive signs suggesting that Solana’s market capitalization could recover as Bitcoin and altcoins finally begin to change direction. According to the data, despite the SOL price falling, the daily network growth amount (new wallets created) is actually increasing.

Santiment concluded that Solana is currently only experiencing a loss of momentum, and that Solana’s spirit has never been solely about price.

According to Santiment, if coordination improves, infrastructure continues to strengthen, and developers maintain belief even as retail investor pessimism peaks, the spirit of Solana may not be entirely lost. Solana may simply be in a quiet phase before the next bull run.

*This is not investment advice.

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