Solana’s Price Dip: Can DApp Revenue Boost Its Momentum?
Solana’s price has taken a slight dip,breaking its pattern of higher lows. The price recently fell to around $190, showing signs of weakness. However, it’s still within its long-term ascending channel, hinting at potential growth toward $250–$255.
Despite the price dip, solana’s underlying fundamentals remain strong. in September,Solana-based DApps generated over $141 million in revenue,outperforming other blockchains. This revenue mainly came from Pump.fun and Axiom.
Corporate adoption is also on the rise. Public companies now hold over 13.4 million SOL,about 2.46% of the total supply. Forward Industries leads with 6.82 million SOL. This trend shows growing confidence in Solana’s future.
While the price has weakened, the broader bullish trend is still intact. The recent test of the lower boundary could
