The last fluctuations of Solana were reflected through exciting movements in the exchange balances.
according to Glassnode data, More than 2.7 million Sol, at a value of approximately $ 423 million, fell to the stock exchanges in just nine days, after a sharp flow caused by the uncertain invested.
Source: Glassnode
This reflection follows the accumulated phase of FOMO, during which a similar size of Sol was purchased in late May. The graph shows that the speculative purchase process, which follows, will refer profits, has created an increased volatility in prices.
With investors continuing to rotate between accumulation and exit, Sol’s bullish momentum faces frequent resistance.
Ahead move forward?
According to the encryption analyst Ali Martinez, Solana is about to collapse the huge artistic collapse.
Source: x
The graph displays it for a formation of textbooks, with a slightly lower Sol unification than the decisive resistance level of $ 200.
The decisive step above this threshold may cancel the operation of a bull from 5 times to 10x, which may send prices to a range between 1000 and 2000 dollars.
While the composition indicates a long -term bullish momentum, the pattern remains incomplete until the outbreak occurs.
Solana Prices in the coming weeks can specify whether the noise turns into historical gains.
Bani momentum, but the bulls face a pivotal test
At the time of writing this report, Sol Daily Chart showed a strong recovery from its latest lowest levels, with five consecutive green candles that pay the price about $ 170.
RSI was in 55.56 – neutral but oblique climb – indicating a room for more bullish direction.
At the same time, the MACD crossed the signal line from the bottom, indicating a shift in the momentum in the short term.
Source: TradingView
However, wThe decrease in the size of the ITH and the stopping of prices is slightly lower than the resistance, Bulls will need stronger condemnation to maintain the upper direction.
If Sol exceeds $ 170 with a solid size, this may lead to a move of about $ 200.
However, without this penetration, the withdrawal remains possible as buyers show frequency near the main resistance levels.
