隨著特朗普的關稅宣布激發人們擔心，索拉納（Sol）市場下降了50％以上

加密貨幣市場目睹了急劇下滑，Solana（Sol）面臨著一個特別不穩定的時刻。在今年早些時候達到頂峰之後

Cryptocurrency markets are witnessing a sharp downturn, and Solana (SOL) is facing a particularly precarious moment. After peaking earlier this year, SOL has tumbled over 50% from its 2024 high, currently struggling around the $131 mark.

加密貨幣市場正在目睹急劇下滑，索拉納（Sol）面臨著一個特別不穩定的時刻。在今年早些時候達到頂峰之後，SOL的2024年高點跌落了50％以上，目前在$ 131的左右掙扎。

However, market analysts warn that if there’s no reversal in sentiment and macroeconomic conditions, the token could plunge further, potentially testing the critical $100 level.

但是，市場分析師警告說，如果情緒和宏觀經濟狀況沒有逆轉，代幣可能會進一步猛烈跌落，可能會測試關鍵的100美元水平。

The latest blow to risk assets came from former U.S. President Donald Trump’s unexpected announcement of sweeping auto tariffs. These proposed measures have sparked concerns over potential trade wars and economic turbulence, triggering a broad market sell-off. Bitcoin, altcoins, and even traditional equities suffered heavy losses following the announcement.

風險資產的最新打擊來自美國前總統唐納德·特朗普（Donald Trump）意外宣布的宣布自動關稅。這些擬議的措施引發了人們對潛在貿易戰和經濟動蕩的關注，引發了廣泛的市場拋售。宣布之後，比特幣，替代幣甚至傳統股票遭受了巨大的損失。

Economic analysts caution that if additional tariffs, dubbed “Liberation Day” tariffs, are implemented, they could push the U.S. economy into a recession.

經濟分析人士警告說，如果對“解放日”的額外關稅進行了征收，他們可能會使美國經濟陷入衰退。

Given the heightened risk-averse environment, cryptocurrencies, which thrive in bullish speculative markets, are experiencing intense downward pressure. Solana, in particular, has seen a 10% decline this month alone, and fears of macroeconomic instability could deepen the downturn.

鑑於規避風險的環境增強，在看漲的投機市場中蓬勃發展的加密貨幣正經歷著巨大的向下壓力。尤其是索拉納（Solana）僅本月就會下降10％，對宏觀經濟不穩定的擔憂會加深衰退。

Solana’s network, once renowned for its rapid transactions and low fees, is now facing mounting challenges. One of the major drivers of its past success was the proliferation of meme coins on the platform.

索拉納（Solana）的網絡曾以快速交易和低費用而聞名，現在正面臨著越來越多的挑戰。過去成功的主要驅動力之一是平台上的模因硬幣的擴散。

However, the collapse of several such projects has damaged investor confidence. Countless scams and rug pulls have left retail traders reeling from losses, further denting trust in the ecosystem.

但是，幾個這樣的項目的崩潰損害了投資者的信心。無數的騙局和地毯拉力使零售商人因損失而陷入困境，進一步削弱了對生態系統的信任。

DeFi protocols on Solana have also seen a decline in activity, with traders preferring alternatives like Ethereum and Binance Smart Chain (BSC).

關於Solana的Defi協議也有所下降，交易者更喜歡以太坊和Binance Smart Chain（BSC）等替代方案。

Data from DeFi Llama shows that decentralized exchange (DeX) volumes on Solana have plummeted to $8.7 billion per week, lagging far behind Ethereum and BSC.

來自Defi Llama的數據表明，Solana上的分散交易所（DEX）卷下降到每週87億美元，遠遠落後於以太坊和BSC。

While certain tokens like Bonk and Popcat have managed a recent recovery of 10-20%, the overall market sentiment remains fragile.

儘管像Bonk和Popcat這樣的某些代幣最近恢復了10-20％，但總體市場情緒仍然脆弱。

Unless a sustained resurgence occurs, Solana’s network demand and fee revenue could continue decreasing, exacerbating the bearish outlook.

除非發生持續的複興，否則Solana的網絡需求和費用收入可能會繼續減少，從而加劇了看跌前景。

Solana’s price action Technical analysis reveals significant red flags. The emergence of a death cross in February, where the 50-day moving average fell below the 200-day moving average, signaled a long-term downtrend.

Solana的價格動作技術分析揭示了巨大的危險信號。 2月死亡十字架的出現，50天移動平均線低於200天移動平均線，這表明長期下降趨勢。

Currently, SOL is consolidating around $140 after a steep drop, forming a bearish flag pattern—a setup that often precedes further declines.

目前，SOL在陡峭的下降後鞏固了約140美元，形成了看跌的旗幟圖案，這種設置通常在進一步下降之前。

Traders are closely watching the critical $120 support level. If this level is breached, Solana could see a sharp drop, potentially testing the psychological $100 mark.

交易者正在密切關注關鍵的$ 120支持水平。如果違反了此水平，Solana可能會看到急劇下降，可能會測試心理$ 100。

On the upside, resistance at $170 remains a major hurdle for bulls. A decisive move above this level could negate the bearish trend, but with macroeconomic uncertainties looming, the probability of such a reversal appears low.

從好的方面來說，抵抗力為170美元仍然是公牛隊的重大障礙。高於此水平的決定性舉動可能會抵消看跌趨勢，但是隨著宏觀經濟的不確定性迫在眉睫，這種逆轉的可能性似乎很低。

Token Unlocks and Whale Movements: Further Downside Risks?

令牌解鎖和鯨魚運動：進一步的下行風險？

Another factor that could exert downward pressure on Solana’s price is the upcoming token unlocks. The FTX bankruptcy estate recently unlocked 11.2 million SOL tokens in March, flooding the market with additional supply.

可能向Solana的價格施加向下壓力的另一個因素是即將到來的令牌解鎖。 FTX破產莊園最近在三月份解鎖了1,120萬個SOL令牌，以額外的供應淹沒了市場。

Historically, such large-scale token unlocks have led to price declines, as increased supply outpaces demand, rendering the token cheaper.

從歷史上看，隨著供應超過需求的增加，使令牌更便宜，因此如此大規模的令牌解鎖已導致價格下降。

Furthermore, reports indicate that large investors (whales) have been offloading their Solana holdings. On-chain data suggests significant transfers from whale wallets to exchanges, a move typically associated with impending sell-offs.

此外，報告表明，大型投資者（鯨魚）一直在卸載其索拉納股東。鏈上的數據表明，從鯨魚錢包到交易所進行了重大轉移，這一舉動通常與即將拋售。

If retail investors follow suit and panic-sell, the downward pressure on SOL could intensify, increasing the likelihood of a drop to $100.

如果散戶投資者效仿和恐慌，SOL的下降壓力可能會加劇，從而將下降的可能性增加到100美元。

However, if buyers manage to push the price above the $170 resistance, it could open the door for a potential rally toward the $200 level, offering hope for a bullish reversal in the long term.

但是，如果買家設法將價格提高到170美元的電阻以上，那麼它可能會打開可能向200美元水平的集會打開大門，從長遠來看為看漲的逆轉提供了希望。

Finally, while Solana was once praised for its speed and low transaction costs, competition within the blockchain space has intensified, leading diverse developers and users to explore alternative platforms.

最後，儘管Solana曾經以其速度和低交易成本受到讚譽，但區塊鏈領域內的競爭加劇了，導致了不同的開發人員和用戶探索替代平台。

This includes Base, a Layer 2 scaling solution for Ethereum, and Avalanche, both offering comparable benefits in terms of low transaction fees, high throughput, and smart contract capabilities.

這包括基礎，以太坊的2層縮放解決方案以及雪崩，既可以在低交易費用，高通量和智能合同功能方面都能提供可比的好處。

If network activity on Solana continues to decline, it could encourage capital and innovation to migrate to these competing ecosystems, ultimately weighing on SOL’s growth prospects.

如果對Solana的網絡活動繼續下降，它可以鼓勵資本和創新遷移到這些競爭性生態系統，最終使Sol的增長前景權重。

As the dust settles on the tumultuous year in crypto, the stage is set for an epic showdown that will determine the fate of Solana and its ability to rise from the ashes of adversity. Only time will tell whether bulls or bears will prevail in this crucial battleground.

隨著塵埃落定在加密貨幣的動盪一年，階段將成為史詩般的攤牌，這將決定索拉納的命運及其從逆境中升起的能力。只有時間會證明在這個關鍵的戰場上，公牛或熊是否會佔上風。