SOL is currently fluctuating between $77 and $80. The $75 support we mentioned last time held, and it has climbed back up over the past two days.
A few things worth noting:
On-chain capital volume has risen to nearly a six-week high in the past two days, and the inflows are not from short-term speculators — long-term holders are accumulating. At the same time, leveraged positions in the futures market are decreasing. This combination suggests the upward move is driven by genuine buying, not leverage, which is relatively healthy.
In addition, on-chain governance was just officially launched, allowing token holders to directly vote on the network's direction. This is an important step toward maturity for the SOL ecosystem.
ETF inflows continue as well. The combined size of SOL funds from several major institutions has already exceeded $1 billion.
Now, $80 is the most critical level. As we mentioned before, there are many holders looking to break even above this level.
If it can firmly hold $80, the next target is the $95–$100 range, which would be a true breakout signal.
If it fails and drops back, $75 remains support, with buyers waiting there.
Overall, I'm cautiously optimistic on SOL. Fundamentals are improving, capital is flowing in — the key is whether it can get past $80.#SOL $SOL
SOL is currently fluctuating between $77 and $80. The $75 support we mentioned last time held, and it has climbed back up over the past two days.
A few things worth noting:
On-chain capital volume has risen to nearly a six-week high in the past two days, and the inflows are not from short-term speculators — long-term holders are accumulating. At the same time, leveraged positions in the futures market are decreasing. This combination suggests the upward move is driven by genuine buying, not leverage, which is relatively healthy.
In addition, on-chain governance was just officially launched, allowing token holders to directly vote on the network's direction. This is an important step toward maturity for the SOL ecosystem.
ETF inflows continue as well. The combined size of SOL funds from several major institutions has already exceeded $1 billion.
Now, $80 is the most critical level. As we mentioned before, there are many holders looking to break even above this level.
If it can firmly hold $80, the next target is the $95–$100 range, which would be a true breakout signal.
If it fails and drops back, $75 remains support, with buyers waiting there.
Overall, I'm cautiously optimistic on SOL. Fundamentals are improving, capital is flowing in — the key is whether it can get past $80.#SOL $SOL