SOL Momentum Is Cooling While Liquidity Remains Selective

SOL has shown signs of short-term momentum cooling after a strong market move. The key issue is not only price weakness. Liquidity is becoming more selective, meaning market participation may be less consistent across spot and perpetual venues. If spot demand stabilizes and derivatives leverage remains controlled, the move may consolidate before another attempt higher. If liquidity weakens further, short-term downside risk could increase. This signal should be watched over the next 12 to 48 hours, especially around order book depth, funding behavior, and whether buyers return near important liquidity zones.