Solana fell 4.8% over the past 24h, underperforming Bitcoin (-2.6%) and Ethereum (-5%). Key drivers:
Technical Breakdown – Bearish engulfing candle at $167 resistance, testing critical $146 support.
Market-Wide Sell-Off – Bitcoin dropped below $100k, triggering $463M crypto liquidations.
ETF Uncertainty – New SOL ETFs launched but failed to offset bearish momentum.