@philipstrade
Profit Takers Hurt Solana Price — Here’s Why a Respite Might Be Far Away
The Solana Price has cooled after a strong August. Over the past seven days, it has traded flat, and in the last 24 hours, it slipped 1.1%. By contrast, monthly gains still stand near 26%, and three-month gains are about 35.8%.
For traders reading this to see if the SOL Price can repeat those August-style gains, the answer may be disappointing. On-chain data shows profit booking is heavy, and another metric has quietly turned bearish. Together, these raise doubts over how fast Solana can move higher from here.
https://beincrypto.com/solana-price-profit-taking-rally-stalls/
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