The data of SOL shows that the turnover rate on Tuesday was similar to that on Monday, remaining around 123-160, with short-term chips exiting. Although there were exits in other ranges, they were almost negligible.

Short-term profit-taking investors continue to take profits as prices rise. Chips have shifted to the range of 174-182, especially with over 33M units accumulated at 174 currently. It does not necessarily mean that support will form at 174, as they are all short-term entries.

Most of the time, SOL follows the broader market. During market fluctuations, SOL may experience an independent rally when there is narrative hype.