🟣 Solana decided to "lie down" or to settle in 🤔
In the last 24 hours, SOL dived sharply by -3.4% to $126.46, surpassing the entire market in its decline. While crypto is down by -2.7%, Solana decided: "I want to go deeper" 🤿
What happened? A classic combo set 👇
💼 ETFs said: we are cashing out 🤐
$34 million flowed out of the Solana ETF in one day. Institutions entered for 21 days — on the 22nd day, they exited beautifully 🏃♂️💰
SOL now feels every move of the ETF, as nearly $915 million in AUM is already a significant anchor.
📊 The technicals are uninspiring
$140 wasn't broken — Fibonacci turned out to be stronger than traders' nerves 🧱
The price is below the 50-day moving average, RSI is lazily looking down
😱 The market is in "scary" mode
The fear and greed index is at 24.
Bitcoin dominates, altcoins suffer, shorts are multiplying like mushrooms 🍄
The correlation with BTC is high — if Bitcoin sneezes, SOL goes for the tissues.
🔮 What’s next?
— A rebound is possible (oversold conditions suggest)
— But without fresh money in the ETF or news at the level of Firedancer — this will not be growth, but a "jumped and back down"
📍 Key levels:
• support: $122 — are we holding? 🤞
• above $130.66 — we can breathe easy
• below — let's prepare memes 😅
The conclusion is simple:
SOL is not dead, but is clearly in a pause and contemplation mode.
The market is scared…
