Solana Falls Below 'Realized Price' for the First Time in Nearly 3 Years Amid Fears of Further Declines

# Solana Falls Below Realized Price, Signaling Potential Further Decline Solana has dropped below its "realized price" for the first time in nearly three years, suggesting a possible additional decline. As of 10:45 AM New York time on June 11, Solana traded at $119 on CoinMarketCap, down 2.19% from 24 hours earlier. According to CoinDesk, the last time Solana traded below its realized price of $134 was in May 2022. The realized price represents the average purchase price of all coins in circulation, and when the current price falls below this level, it indicates that the average holder is in a loss position. This can trigger selling pressure, increasing the likelihood of panic selling or capitulation. # Price Drop Amid Solana Inflation Reduction Discussions The decline in Solana's price comes amid discussions among network validators regarding the SIMD-0228 proposal. This proposal aims to reduce Solana's annual inflation rate from the current 4.7% to about 1.5%, an 80% reduction. Separately, Solana's price movement is exhibiting a downward trend, forming a descending channel. Resistance levels are identified at $134 and $130, while key support levels are at $120 and $115. CoinDesk suggests that although the current trend is bearish, if the $120 support level holds and strong trading volume propels Solana past $128, there is potential for a rebound to $134 as bargain hunters step in.