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#solana Solana (SOL) is currently trading around $80–$83, showing short-term weakness after a recent market-wide correction and a 4% daily drop. Despite this, network activity remains strong, driven by high on-chain volume and memecoin trading demand, supporting long-term fundamentals.
Recent news highlights mixed sentiment: institutional inflows via ETFs offer support, but declining retail interest and fading momentum keep price under pressure. Technically, SOL must hold the $77–$80 support zone, while resistance sits near $85 and $100.
Trading tips: avoid chasing rallies; wait for breakout above $85 for bullish confirmation. Short-term traders can buy near support with tight stop-loss below $77. Long-term investors may accumulate gradually, as ecosystem growth and upgrades could drive future gains.$SOL