Solana trendline becomes a key level—here’s why the $50 mark is back in the spotlight

According to a report by Bijie Network: Analyst Ali_charts stated that Solana is currently testing a key long-term trendline near $136. If the weekly closing price falls below this line, it could potentially drop to $50. Despite the price pressure, on-chain activity has surged, with daily active addresses exceeding 5 million and fee revenue reaching approximately $4.5 million. This is mainly due to the large number of AI-driven meme coin issuances. The network's next major price movement will depend on whether it can hold this support level or confirm a breakdown below it.