Solana News Today: Solana's 6% Trading Volume Drop Sparks Correction Pressure, Investors Shift to UNIL and SHIB

The Solana (SOL) price has seen recent volatility, with a monthly high of $205 now hovering near $180. While the market cap remains above $100 billion, a 6% drop in trading volume raises questions about the sustainability of gains. Technical indicators, including a neutral 14-day RSI and bearish signals from the 10-EMA and 10-SMA, suggest potential downward pressure on SOL. However, bullish factors persist: Token Terminal reports $2 trillion in weekly token trading volume and over 70 million monthly active addresses, indicating strong network activity despite the recent decline [1].

Amid concerns about Solana’s trajectory, attention has shifted to alternative assets. Unilabs Finance (UNIL), a DeFi protocol integrating AI and traditional finance, is gaining traction as a high-potential investment. Positioning itself as the first AI-backed asset management platform, UNIL emphasizes governance rights for token holders, including voting on project listings and fund strategies. Staking options and profit redistribution further enhance its appeal. The platform’s fund options—AI, BTC, RWA, and Mining—cater to diverse investor profiles, distinguishing it from peers like Hyperliquid ($517 million TVL) and NEAR Protocol, which recently saw a 36% monthly increase in trading volume [1].

Shiba Inu (SHIB) also emerges as a focal point, with bullish forecasts driving retail interest. Although its price has fallen 15% year-to-date and trading volume has dropped by 15%, retail analysts like JavonTM1 highlight technical patterns suggesting a potential rebound. An inverse head-and-shoulders formation on the SHIB chart could signal a 5x price jump to $0.000081, according to JavonTM1’s analysis [1]. While SHIB’s market cap has retreated to $7.8 billion, its low-cost entry and meme-driven appeal position it as a speculative play during a possible altseason.

The pivot from Solana to UNIL and SHIB reflects broader market dynamics. Solana’s technical indicators suggest a correction, but its underlying metrics—such as token trading volume and active addresses—remain robust. For investors seeking exposure to emerging DeFi innovations, UNIL’s governance model and AI integration offer a compelling narrative. Meanwhile, SHIB’s price predictions hinge on retail sentiment and technical analysis, though these forecasts remain speculative and should be approached with caution.

Source: [1] [RSI Suggests Solana Might Be Overbought; Why You Should Pivot to Unilabs And Shiba Inu] [https://blockonomi.com/rsi-suggests-solana-might-be-overbought-why-you-should-pivot-to-unilabs-and-shiba-inu/]