Solana’s native token (SOL) is trading around $74, a level that analyst Ali Martinez calls a make-or-break moment, with approximately 50 million SOL purchased near that price. Several analysts fear an additional 30% drop, with targets at $60 and then $50, as SOL has logged nine consecutive months of decline. Spot SOL ETFs have recorded negative net flows, including -$18.07 million on July 28, signaling growing institutional disinterest. Some analysts remain optimistic, however, viewing current levels as a buying opportunity with a potential rally target around $160.
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