Story Highlights* An analyst notes that the reasons for the SOL price decline include treasury companies reaching lows despite chain fundamentals remaining strong.
On-chain metrics still hold decent figures; TVL holds $8.56 billion while the stablecoin market cap is approaching an ATH.
Meanwhile, the SOL ETF shows $605 million in net inflows, reflecting steady institutional demand.
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SOL Price Weakness Deepens Despite Strong Fundamentals: Can a Key Support Trigger a Rebound?
Story Highlights* An analyst notes that the reasons for the SOL price decline include treasury companies reaching lows despite chain fundamentals remaining strong.