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.
đ Context: SOL is having its best month since 2024 â up over 40% in August â driven by:
đŠ ETF inflows â Bitwise Solana ETF (BSOL) crossed $1B AUM
đ„ Governance vote â proposal to cut future issuance & boost burns (supply squeeze narrative)
đ Whale accumulation â 300K+ SOL withdrawn from exchanges recently
Chart check: Price broke above $110 earlier this week but got rejected â 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 â but stay alert. DYOR, trade responsibly. đđ
#Solana #SOL #Binance #Altcoins
đ Context: SOL is having its best month since 2024 â up over 40% in August â driven by:
đŠ ETF inflows â Bitwise Solana ETF (BSOL) crossed $1B AUM
đ„ Governance vote â proposal to cut future issuance & boost burns (supply squeeze narrative)
đ Whale accumulation â 300K+ SOL withdrawn from exchanges recently
Chart check: Price broke above $110 earlier this week but got rejected â 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 â but stay alert. DYOR, trade responsibly. đđ
#Solana #SOL #Binance #Altcoins
