Solana (SOL) fell 5.73% over the past 24h to $196.88, underperforming the broader crypto market (-2.76%). Key drivers include technical resistance, profit-taking by long-term holders, and regulatory delays for SOL ETFs.
Technical Rejection at $200 – Failed breakout attempt triggered sell-offs.
Long-Term Holder Selling – "Livability" metric hit 1-month high, signaling profit-taking.
SEC Delays SOL ETF Decisions – Applications pushed to October 2025, cooling demand.
#solana
Technical Rejection at $200 – Failed breakout attempt triggered sell-offs.
Long-Term Holder Selling – "Livability" metric hit 1-month high, signaling profit-taking.
SEC Delays SOL ETF Decisions – Applications pushed to October 2025, cooling demand.
#solana