#SOL moved lower with the broader market, but the current weakness is driven by psychology and technicals, not a deterioration in fundamentals.
🧠 Institutional FUD is the main trigger
Fundstrat’s bearish 2026 projection ($50–75) acted as an informational shock.
Key point: this is an internal downside scenario that contradicts the firm’s publicly bullish narrative. The market is reacting to headlines, not probabilities.
📉 Technical pressure, but decision zone is close
Breaking below key moving averages flushed short-term traders.
The $123–117 area is a critical support cluster, where algorithms and larger players typically step in. A deeper move likely requires broader market weakness.
🛡 The attack was a stress test — and #Solana passed
A 6 Tbps DDoS attack with no network downtime is a fundamental positive that the market sold anyway.
Classic pattern: strong tech validation followed by fear-driven selling due to past reliability concerns.
🎯 Core alpha:
Solana is being priced as a “problem asset,” even as its technological risk has declined.
If #Bitcoin dominance cools and ETF sentiment improves, SOL could reverse sharply, as recent selling came from nervous hands, not long-term capital.
📌 This looks like a shakeout, not capitulation.
Watch the $123 level and ETF developments — that’s where the signal will emerge.
