Solana (SOL) falls to $131, losing the benefit of its March rally as daily active addresses and transactions fall. The network’s dependence on meme coins and DeFi applications — which are having a harder time finding a market — has magnified volatility. Technical charts show that SOL rejected the $146.5 resistance, potentially indicating a drop to $100. On the other hand, Mutuum Finance (MUTM) is in phase four of its presale set at $0.025. The project has attracted $6,100,000 from 7,800 holders. As Phase 4 rises, investors expect a 20% price ramp to $0.03 in the next phase, putting MUTM in the running to revolutionize lending in a decentralized manner.
Falling Network Activity for Solana
Bearish sentiment is being driven by Solana’s weakened fundamentals. Artemis data shows a steep decline in daily transactions and active addresses since January, signifying a loss of interest in its ecosystem. Meme coins used to be the lifeblood of Solana’s transaction volumes, but have stagnated.
Coupled with macroeconomic concerns — like inflation risks still emanating from recent trade policies — SOL’s technical picture darkens. The token’s inability to push above the 50% Fibonacci retracement level at $146.5 has confirmed its downtrend. Analysts now caution a drift toward $110 is on the cards with $100 a possibility should the pressure to sell increase.
SOL’s Volatility Heightened by Market Risks
Solana’s woes are compounded by instability in the broader crypto market. Bitcoin and Ethereum are down 2.1% and 6.5%, respectively, as investors shy away from riskier assets. The Federal Reserve’s paused rate hikes provide little comfort, while geopolitical strife is also keeping clouds of uncertainty hovering.
SOL’s hourly chart shows brief support around $130, but momentum indicators such as the RSI and MACD point to more downside. Intraday retracements are being capitalized on by short-sellers, who are looking for an exit around the $120 handle. As a result of this fusion of technical and macroeconomic headwinds SOL is prone to extended bearish cycles with investor focus shifting the more stable-yielding options out there such as Mutuum Finance (MUTM).
Mutuum Finance (MUTM) sweeps Into Momentum
As Solana struggles with what may end up being a particularly volatile period, Mutuum Finance (MUTM) is generating presale interest with its decentralized finance lending model. Its Phase 4 tokens are priced at $0.025, giving early investors a 140% return at its $0.06 exchange listing. Phase 5 kicks off at $0.03 and buyers today can benefit 20%.
According to tokenomics, this could be as high as $3.50 after the launch, giving early adopters a ROI of 13,900% as it is designed to be buy-and-distributed. The revenue produced from loan fees is utilized to buy back MUTM, reprioritizing tokens to stakers and maintaining buying pressure.
Confidence Built on Security and Utility
Mutuum Finance (MUTM) stands out with the introduction of overcollateralized loans and mtTokens that build up interest over time. Depositors are issued mtETH or mtDAI which can be used across DeFi platforms, and borrowers are offered liquidity without having to liquidate any underlying assets. A Certik audit is in progress and results will be announced in due time on social channels.
Combine this transparency with a $100,000 giveaway for presale entrants and you have a recipe for building investor trust. While Solana’s price outlook darkens as new tokens hit the market, MUTM’s tiered rewards and real-world benefits set its up for enormous returns.
Take Action Before Another Price Increase
Mutuum Finance (MUTM) is among the projects investors are migrating to, as SOL flips flops. Get MUTM now, prior to the end of Phase 4, as this next phase will share eventually bigger entry prices along with minimal profit margins. Join Mutuum Finance on the official website and check their social channels for any presale updates.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://www.mutuum.finance/
Linktree: https://linktr.ee/mutuumfinance
