Which factors could help Solana alleviate the mounting selling pressure?

According to CoinWorld, due to capital outflows, the price of Solana (SOL) has fallen below $120, raising concerns about further declines. However, new catalysts are emerging: the number of daily active addresses on Solana's launch platforms has exceeded 300,000, and the total number of addresses across the entire ecosystem has reached 4.4 million. The market cap of the stablecoin USD1 on Solana surged nearly 300% in January, surpassing $610 million. In addition, the launch of GhostSwap, a privacy-focused platform, may also attract new demand. Although short-term market sentiment is bearish, these developments may provide long-term support for SOL's price.