$SOL Current price about $93.44, down 3.58% in the past 24H. In the short term, it is clearly under pressure.
The fundamentals are still there: spot ETF has seen cumulative net inflows of over $117 million; on August 19, there was still a net inflow of about $2.1 million on a single day; and the Agave v4.2 upgrade is also underway. In the short term, $90 is the key support—if it holds, a rebound to $100–105 is possible; if it breaks, look to $85.
My view: the pullback looks more like a liquidation of leverage, and whether it truly turns weak depends on whether $90 is lost.
The fundamentals are still there: spot ETF has seen cumulative net inflows of over $117 million; on August 19, there was still a net inflow of about $2.1 million on a single day; and the Agave v4.2 upgrade is also underway. In the short term, $90 is the key support—if it holds, a rebound to $100–105 is possible; if it breaks, look to $85.
My view: the pullback looks more like a liquidation of leverage, and whether it truly turns weak depends on whether $90 is lost.