Solana has been one of the more resilient alts lately, but it’s still trading in BTC’s shadow like the rest of the market. Holding key support but not breaking out either. The SOL/BTC ratio tells the real story — until Solana starts outperforming Bitcoin meaningfully, it’s just following the market. Right now it’s grinding, not leading. Macro headwinds are the same — hot PPI, no rate cuts soon, dollar strength pressuring risk assets. Crypto doesn’t operate in a vacuum. But Solana has strong fundamentals working in its favor. Network activity is high, memecoin traffic keeps generating real fees, DePIN and AI projects are picking Solana as their home, and a spot ETF is reportedly close. Plus the ecosystem is buzzing — way more active than most L1s. Short-term I’m cautiously bullish. $SOL has held up better than most alts during the recent dip. If $BTC stabilizes, Solana is one of the first alts likely to rip. Best move: accumulate on weakness, watch SOL/BTC for trend confirmation, and keep an eye on the ETF news flow — that could be the catalyst that changes everything.​​​​​​​​​​​​​​​​