$SOL is currently trading below $105, testing critical support near $95–$100, with price pressure persisting amid broader crypto weakness. �
RSI shows oversold conditions, and short-term technical analysis suggests a potential bounce toward ~$140 if buyers step in over coming weeks.
Multiple analysts highlight range-bound action between roughly $95 support and ~$130–$150 resistance as key levels to watch. �
🛑 Near-term Market Risks
$SOL recently slipped below $100 after a ~$30M hack shook sentiment, adding to short-term bearish pressure. �
Even with new holders and community momentum, ETF outflows and weak momentum suggest that rallies may be muted until broader crypto sentiment improves. �
Competitive pressure from other smart contract platforms and technical challenges on the chain are also being discussed as potential headwinds. �
BTCC
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