⚡️ Time to update one of my SOL ideas and see how things are looking.
The closer ETH gets to its ATH, the harder it becomes to push it higher — and attention starts shifting to its L2s and, of course, SOL. Over the past few days, SOL has been growing steadily. On top of that, the first-ever staking ETF in crypto history was launched for SOL — something that definitely won’t go unnoticed once the ETH madness cools down.
➡️ The first thing that stands out is the current price action. SOL has come right up to a large gap at $238–205.6. It’s already been rejected from this zone once and is now testing it for the second time. If it manages to break inside, price could move smoothly to around $216.72, since it’s a gap zone with no other resistances.
➡️ Next, Volume — we can see a divergence in buying volume, indicating a decline in buyer interest. True, ETH and BTC also moved higher on declining volumes until they approached levels near their peaks, where huge volumes kicked in. So, we could see the same pattern here. Plus, it’s no secret ETH is still at the center of attention, taking all the liquidity for itself.
➡️ Money Flow — here we see strong harmony with price, meaning liquidity is still flowing steadily into the asset, which is definitely encouraging.
📌 Conclusion:
For now, SOL is still outside the spotlight, and its trading volume barely keeps it in the daily top 10. But it’s quietly grinding toward its highs — and once the ETH hype fades, everyone will suddenly remember: “Guys! We have the first-ever staking token! And it’s also a blockchain that’s been number one in profits for months!”
By then, however, it might be too late. Because we’ve already been in the game for a while.