SOL long leverage traders vanish as crypto sells off: Is $200 next?

A rotation to Aster, US macroeconomic concerns and broad crypto market sell-off take a toll on SOL price. Will TradFi accumulation keep Solana price above $200?

Key takeaways:

SOL’s funding rates show cautious sentiment, yet historical patterns highlight potential short-term price gains.

Declining network usage and competition weigh on SOL, though treasury strategies and fundamentals remain supportive.

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