SOL is down 1.78% today, quoted at 104.58. Over the past 7 days it has risen 2.66%, and over 30 days it has gained 42%. The medium-term trend is still very strong. The long-to-short ratio is 1.97: retail investors’ bullish sentiment looks healthy. The large-account long-to-short ratio is 2.38, and the main players are also adding to positions. There were $7.85 million in liquidations: long positions lost $4.86 million and short positions lost $2.88 million. The longs are down more, but overall it isn’t too brutal. If SOL can hold the 100 level, the next target is 108; if it can’t, a pullback below 100 is also normal. SOL has risen from 70 to 104—up nearly 50%. A short-term pullback would actually be healthier.
