$SOL
SOL is hovering around *$123‑$124* right now, down roughly 2‑3 % over the past 24 hours as the broader crypto market stays a bit shaky ¹ ². The price has slipped below the 7‑day SMA ($130) and is testing the $121‑$122 swing low, while the 14‑day RSI sits near 36—neutral but edging lower ³.
On the fundamentals side, Solana’s total value locked has slipped to a six‑month low of about *$8.7 B*, and weekly DEX volume from memecoins is down 95 % from its peak ⁴. At the same time, institutional interest is still there: Solana‑focused ETFs added $323 M in the last eight days, and whale accumulation is picking up, which could act as a cushion ⁵.
Technically, the chart shows a bearish pennant with a measured target around *$86*, but the 200‑week EMA at ~$118 is acting as a near‑term support. If BTC holds above $81.3 K, SOL might find a short‑term bounce; a breach below that level could push it toward the $95‑$100 zone ⁴ ².
*Bottom line:* SOL is in a cautious zone—short‑term volatility is likely, but the mix of institutional inflows and a solid support level keeps the longer‑term outlook from looking completely bearish. Keep an eye on BTC’s $81.3 K level and the $118‑$120 support band for SOL. ¹ ⁴ ⁵#solana #USNonFarmPayrollReport #BinanceBlockchainWeek #TrumpTariffs #BinanceAlphaAlert