Solana's price has stabilized at the key support level of $132.23 following a recent decline, as momentum indicators suggest a reduction in selling pressure. The daily chart reveals a V-shaped recovery pattern, with buyers actively defending the $130–$145 range. Despite this, on-chain data presents a mixed picture, with Solana experiencing a 4.2% decline over the past week and a 6.2% drop over the last 30 days. Artemis CEO Jon Ma highlighted that Solana continues to lead in user activity and transaction volume for 2025, although Ethereum maintains its dominance in other metrics. This mixed outlook reflects the ongoing competition and dynamic shifts within the cryptocurrency market.