Solana’s recovery is stalling, and the chart is not the only one showing resistance.
📉 TVL has dropped 20% in November
📉 Network fees down 16%
📉 ETF flows turned negative for the first time
On-chain demand is fading, and even strong dApps like Jito, Raydium, and Jupiter are showing double-digit TVL declines.
Technically, a classic bear flag pattern is forming on the 6H chart: if $140 breaks, it opens a path down to ~$100.
Add to that the Upbit hack freezing $SOL flows, and short-term momentum has even more friction.
At what point does resilience turn into denial?
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