- The lower lows of Solana and weakening bouncings reveal a structural bearish prize trend.
- Hint the power of Sol on the chain to an undervalued setup?
Solana [SOL] June only closed 1.2% compared to the monthly opening of $ 156. However, there is a structurally weak price action under that modest decline.
Almost 20% of June recovery came in the last week, when Sol $ 126 recovered, which marked his fourth consecutive lower layer since the peak of May at $ 184.
Each bounce even shows a weaker momentum and does not manage to reclaim it in key resistance zones.
This series of lower highlights and lower lows underlines a bearish market structure, making Sol one of the weakest artists among Majors, despite the apparently small monthly loss.
Source: TradingView (SOL/USDT)
Normally, such a price action would suggest that the foundation’s fundamentals deteriorate. But solanas Data on chains outlines a different image. In June alone, Solana saw a sharp rebound in core performance tricks.
So the question now is: is this decoupling between price and Fundamentals a sign of hidden power? Or does the market still underestimate Solana’s next leg?
Solana closes June softly, but signals hidden power
Despite a sharp drawing of 60% of his peak of $ 53, Solana’s own correction of $ 184 mirrors in May, Defi Dev Corp. [DFDV] Does not start his Bullish Sol thesis.
Instead, the company has announced a $ 100 million convertible bid, explicitly aimed at expanding its Solana Holdings.
This movement underlines a clear shift in institutional strategy: allocation based on network fundamentals, not on price action. And in the case of Solana, the data supports it.
In June alone, the network processed more than 3 billion transactions and processed an average of 1,157 transactions per second (TPS) – 2.4x more than all other chains together.
Source: Artemis
In fact, that momentum also changes into liquidity flows: more than $ 460 million in assets were bridged In June alone in June, which marks a jump of 70% compared to the previous month.
This divergence between price action and activities at the chain is clearly becoming increasingly attractive for institutional players. But for the wider market? It is only now starting to represent the actual value of Solana.