Solana Declines as Market Factors Weigh on Price

Solana's price experienced a decline from $98 on May 12 to approximately $90, following an unsuccessful attempt to surpass the $100 mark. According to NS3.AI, CoinGecko data indicated that SOL decreased by 4.5% over a 24-hour period. Several factors may have contributed to this downturn, including Bitcoin's recent pullback, unexpectedly high Producer Price Index (PPI) figures, ongoing discussions surrounding the CLARITY Act vote, and escalating tensions between the U.S. and Iran.