BonkHoneyHNTMobileSOL priceSOL

Volatility is shaking the crypto majors as $SOL  slips below the $100 mark, now trading around $94.45 after topping $104.47 just two days ago. This pullback raises the question is it a prime buying opportunity or a signal of more turbulence ahead?

$SOL update ... $80 Support or Will BoooooMM for $120+ SOL broke below the $100 level and is now heading toward the $80 zone. The weekly RSI has never been this low except during the FTX crash. We’re almost at those levels again. SOL is still one of my favorite coin and has a big future. $SOL

$SOL Thanks Sol 💰

✅ $SOL Drops With the Market Solana fell below the $100 mark on Wednesday as the broader crypto market turned red. SOL trades around $93, down more than 6% in the last 24 hours. Losses have piled up fast, with SOL down 23% this week and over 50% in the past year. Market fear is clearly rising, as the Crypto Fear and Greed Index sits at 14, a level linked to panic selling and extreme caution. ✅ Weak Institutional Interest Institutional demand remains soft. Inflows into Solana-linked investment products have stayed below $9 million per day for the past two weeks, with some days even seeing money flow out. Solana ETFs posted small inflows earlier this week, but the numbers are still tiny compared to earlier bullish phases. This shows big investors are waiting on clearer market direction. ✅Derivatives Lean Bearish Futures data paints a cautious picture. Solana’s open interest dropped to $6.37 billion, showing traders are closing positions or lowering leverage. Long liquidations reached $22 million, far outweighing shorts. Funding rates remain negative, meaning traders are paying to hold short positions, a sign that bearish bets still dominate. ✅ Network Activity Hits Records Despite falling prices, Solana’s network is busier than ever. The blockchain processed 150 million transactions in a single day, its highest total on record. Average speed stayed above 1,700 transactions per second, proving that users are still actively building, trading, and using apps on the network. ✅ DeFi and Tokenized Assets Grow Solana’s DeFi ecosystem continues to expand. Total value locked reached a record 73.4 million SOL, worth about $7.5 billion, up 18% in one week. D. EX trading volume also surged to yearly highs. At the same time, tokenized stocks on Solana hit $230 million, supported by platforms like Ondo etc 📊 Technical Picture Still Weak From a chart view, SOL remains under pressure. Price is below key moving averages at $127, $139, and $153. RSI near 28 shows oversold conditions, which may slow selling but doesn’t guarantee a bounce. A break below $92 could open the door to $85, while reclaiming $100–$113 would ease short-term downside pressure.