The data for SOL shows that the turnover rate on Sunday and Monday remained high. As of 8 AM this morning, over 12 million tokens have changed hands, as indicated by the red text in the chart. This is mainly due to profits being taken from the previous range of 130-188, with tokens switching hands above 188. However, it still needs to be observed.

This is data from the past two days. If we simply compare Monday with Sunday, it is quite evident that chasing highs and selling lows is apparent.

Moreover, there aren't many tokens leaving from other longer-term ranges. Each price still sees a few hundred to a few thousand tokens possibly reducing by over ten thousand tokens.

From the perspective of token accumulation and short-term turnover, short-term support is still forming between 165-176. Then, 176-190 seems to have new support, but this is very short-term. Just a few days.

It has been previously mentioned that this does not indicate the arrival of a bull market. Once sentiment issues arise, a drop in $BTC will inevitably affect $SOL. The next focus will be on whether there will be further sentiment risk issues. In simple terms, it is about whether 108-111 can hold as support. Let's observe market sentiment; it still revolves around the speculation of interest rate cuts in September, which is essentially the interplay between Trump and the Federal Reserve. Sentiment shifts.