Solana abhi $103.57 pe trade kar raha hai, 24hrs mein -2.89% down, after touching a high of $107.77 and low of $102.48 today. Market cap $60.48B hai, 24h volume $5.36B.
📊 Context: SOL is having its best month since 2024 — up over 40% in August — driven by:
🏦 ETF inflows — Bitwise Solana ETF (BSOL) crossed $1B AUM
🔥 Governance vote — proposal to cut future issuance & boost burns (supply squeeze narrative)
🐋 Whale accumulation — 300K+ SOL withdrawn from exchanges recently
Chart check: Price broke above $110 earlier this week but got rejected — now correcting toward the $100-103 zone. Short-term overbought conditions cooling off, long-short battle intensifying around $100.
Levels to watch: Support near $100 psychological zone, resistance back at $107-110.
This is a healthy pullback after a strong monthly rally, not a trend reversal — but stay alert. DYOR, trade responsibly. 📉📈
#Solana #SOL #Binance #Altcoins
📊 Context: SOL is having its best month since 2024 — up over 40% in August — driven by:
🏦 ETF inflows — Bitwise Solana ETF (BSOL) crossed $1B AUM
🔥 Governance vote — proposal to cut future issuance & boost burns (supply squeeze narrative)
🐋 Whale accumulation — 300K+ SOL withdrawn from exchanges recently
Chart check: Price broke above $110 earlier this week but got rejected — now correcting toward the $100-103 zone. Short-term overbought conditions cooling off, long-short battle intensifying around $100.
Levels to watch: Support near $100 psychological zone, resistance back at $107-110.
This is a healthy pullback after a strong monthly rally, not a trend reversal — but stay alert. DYOR, trade responsibly. 📉📈
#Solana #SOL #Binance #Altcoins
