Unexpected! Solana ( $SOL ) has faced a notable dip, dropping from recent highs amid a mix of market pressures. Key reasons include broader crypto sell-offs fueled by U.S. inflation worries, over $57M in leveraged long liquidations, and profit-taking after overbought conditions. The fading memecoin hype and looming FTX-related token unlocks are adding extra selling pressure, while legal uncertainties further dampen sentiment. Despite this, long-term holder activity suggests underlying confidence remains. If bearish momentum persists, SOL could test $160 or even $150. However, improved sentiment may push it back toward $190+, making this a potential correction phase rather than a market collapse.