随着特朗普的关税宣布激发人们担心，索拉纳（Sol）市场下降了50％以上

加密货币市场目睹了急剧下滑，Solana（Sol）面临着一个特别不稳定的时刻。在今年早些时候达到顶峰之后

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.

加密货币市场正在目睹急剧下滑，索拉纳（Sol）面临着一个特别不稳定的时刻。在今年早些时候达到顶峰之后，SOL的2024年高点跌落了50％以上，目前在$ 131的左右挣扎。

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，市场分析师警告说，如果情绪和宏观经济状况没有逆转，代币可能会进一步猛烈跌落，可能会测试关键的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.

风险资产的最新打击来自美国前总统唐纳德·特朗普（Donald Trump）意外宣布的宣布自动关税。这些拟议的措施引发了人们对潜在贸易战和经济动荡的关注，引发了广泛的市场抛售。宣布之后，比特币，替代币甚至传统股票遭受了巨大的损失。

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

经济分析人士警告说，如果对“解放日”的额外关税进行了征收，他们可能会使美国经济陷入衰退。

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.

鉴于规避风险的环境增强，在看涨的投机市场中蓬勃发展的加密货币正经历着巨大的向下压力。尤其是索拉纳（Solana）仅本月就会下降10％，对宏观经济不稳定的担忧会加深衰退。

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.

索拉纳（Solana）的网络曾以快速交易和低费用而闻名，现在正面临着越来越多的挑战。过去成功的主要驱动力之一是平台上的模因硬币的扩散。

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，几个这样的项目的崩溃损害了投资者的信心。无数的骗局和地毯拉力使零售商人因损失而陷入困境，进一步削弱了对生态系统的信任。

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

关于Solana的Defi协议也有所下降，交易者更喜欢以太坊和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.

来自Defi Llama的数据表明，Solana上的分散交易所（DEX）卷下降到每周87亿美元，远远落后于以太坊和BSC。

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

尽管像Bonk和Popcat这样的某些代币最近恢复了10-20％，但总体市场情绪仍然脆弱。

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

除非发生持续的复兴，否则Solana的网络需求和费用收入可能会继续减少，从而加剧了看跌前景。

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的价格动作技术分析揭示了巨大的危险信号。 2月死亡十字架的出现，50天移动平均线低于200天移动平均线，这表明长期下降趋势。

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在陡峭的下降后巩固了约140美元，形成了看跌的旗帜图案，这种设置通常在进一步下降之前。

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.

交易者正在密切关注关键的$ 120支持水平。如果违反了此水平，Solana可能会看到急剧下降，可能会测试心理$ 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.

从好的方面来说，抵抗力为170美元仍然是公牛队的重大障碍。高于此水平的决定性举动可能会抵消看跌趋势，但是随着宏观经济的不确定性迫在眉睫，这种逆转的可能性似乎很低。

Token Unlocks and Whale Movements: Further Downside Risks?

令牌解锁和鲸鱼运动：进一步的下行风险？

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的价格施加向下压力的另一个因素是即将到来的令牌解锁。 FTX破产庄园最近在三月份解锁了1,120万个SOL令牌，以额外的供应淹没了市场。

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

从历史上看，随着供应超过需求的增加，使令牌更便宜，因此如此大规模的令牌解锁已导致价格下降。

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，报告表明，大型投资者（鲸鱼）一直在卸载其索拉纳股东。链上的数据表明，从鲸鱼钱包到交易所进行了重大转移，这一举动通常与即将抛售。

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

如果散户投资者效仿和恐慌，SOL的下降压力可能会加剧，从而将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，如果买家设法将价格提高到170美元的电阻以上，那么它可能会打开可能向200美元水平的集会打开大门，从长远来看为看涨的逆转提供了希望。

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.

最后，尽管Solana曾经以其速度和低交易成本受到赞誉，但区块链领域内的竞争加剧了，导致了不同的开发人员和用户探索替代平台。

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.

这包括基础，以太坊的2层缩放解决方案以及雪崩，既可以在低交易费用，高通量和智能合同功能方面都能提供可比的好处。

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.

如果对Solana的网络活动继续下降，它可以鼓励资本和创新迁移到这些竞争性生态系统，最终使Sol的增长前景权重。

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.

随着尘埃落定在加密货币的动荡一年，阶段将成为史诗般的摊牌，这将决定索拉纳的命运及其从逆境中升起的能力。只有时间会证明在这个关键的战场上，公牛或熊是否会占上风。