Solana (SOL) is facing notable downside pressure today, slipping from its recent peak of $186.80 down to the $174–$175 range. This marks a clear momentum shift from bullish to bearish, with aggressive selling dominating the short-term trend. Within just two hours, whale wallets recorded over 146,000 SOL in net outflows, while total net outflows hit 162,000 SOL — a strong sign that large holders are securing profits.

$SOL

Red candles continue to lead on the lower timeframes, showing that sellers are still in control for now.

However, it’s not all bearish.

There are signs of strength starting to return. One whale wallet recently scooped up 71,000 SOL (roughly $12 million) and staked it via Kamino, pointing to renewed confidence among bigger players. On the institutional front, Solana-based ETFs have seen $137 million in inflows since mid-July — a clear signal that long-term interest is building. Meanwhile, Solana’s Total Value Locked (TVL) has climbed to its highest level in three years (in SOL terms), and network activity continues to surge with record-high transaction throughput.

Still, some firms like Galaxy Digital are taking advantage of the recent rally to unlock profits, adding to short-term selling pressure.

Key Price Levels to Watch:

  • Support: $175 is the crucial level right now. Holding above it could invite a bounce.

  • Upside Targets: If SOL reclaims $178 with strong volume, price could move toward $181–$183, with further upside potential to $189 or even $200.

  • Downside Risk: A confirmed break below $174 could lead to deeper losses and strengthen the bearish trend.

Trading Tips:

  • For holders: Avoid panic selling near support zones. The fundamentals remain solid.

  • For buyers: Patience is key — wait for confirmation of a trend reversal before jumping in.

  • For short-term traders: Use tight stop-losses just below $174 to manage downside risk.


Overall, despite today’s selling, SOL remains fundamentally strong. Continued institutional interest and high network activity could pave the way for a sharp rebound — if sentiment flips.


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