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Why is Solana (SOL) price down today?

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SOL price is down today and at risk of further losses as data points to waning user interest in Solana’s DeFi ecosystem.

Solana’s native token, SOL, is down 4% amid minor corrections across the broader crypto market. 

Data from Cointelegraph Markets Pro and TradingView shows SOL trading at $137 after failing to hold above $140 on March 27.

SOL/USD daily chart. Source: Cointelegraph/TradingView

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