Solana (SOL) is facing a pivotal test around the $69 level, as aggressive short positioning collides with a steady drumbeat of institutional and infrastructure signals on the network. While the token has stabilized slightly day-to-day, the broader trend remains weak—making the next few sessions critical for determining whether this zone becomes a durable floor or breaks into a deeper drawdown.
As of Tuesday UTC, Solana traded near $69.21, up about 0.5% over 24 hours but down roughly 4.2% on the week. The token is also sitting about 45% lower year-to-date, underscoring how far sentiment has… Read more
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