Main meals
Why is Solana’s support for $ 214 embarrassed now?
The $ 836 million whale flows threaten pressure, but institutional transfers indicate a redistribution.
What signals are the next step for Sol?
Daily active headlines decreased by 27 %, but the financing rates remained positive, leaving Seoul torn between weakening use and ascension derivatives.
Follow whale alert more than 2.5 million Solana [SOL] Moving to Binance in several large slices. the transfer total more 836 million dollarsThe highlight of the huge range of liquidity is likely to enter the market.
These flows usually indicate that their owners may prepare to liquidate positions, a trend that often indicates possible sale pressure.
Meanwhile, $ 54 million turned into Coinbase, indicating strategic redistribution instead of pure liquidation.
This contrast left merchants who wonder if the whales are preparing for the main swing in the market.
Solana Price keeps harsh about $ 260
The Daily Chart Solana highlighted the unification of the support area from 214 to $ 220, which was the basis for the last upward trend.
The rising trend, which extends from April, continues to provide structural support to the upward issue.
Repeated rejections near $ 240 showed that buyers lack condemnation to pay up. If support continues, Solana can recover about $ 260.
On the contrary, a breakdown under support may be exposed to the fact that Altcoin for extended fluctuations, especially with the increased activity of whales on central exchanges.
Source: TradingView
Low network activity raises questions
Daily active headlines decreased by approximately 27 % a week, decreasing from 2.6 million to 1.9 million. This decline confirmed the weakening of the user’s participation, and creating concerns about sustainability.
While the market has survived under pressure, the difference between prices and its contraction activity creates risks.
Moreover, a decrease in participation can restrict transactions and develop the ecosystem, both vital to preserving the upscale novels.
Consequently, the decrease in engagement now has stood as a decisive factor in shaping the investor’s perception and confidence.
source: Vocal
Derivatives are still the difficulty of the weak
Permanent futures markets presented another layer of insight into the feelings of Solana.
OI’s weighted financing rate was slightly positive at +0.0074 %, indicating that traders are still paying a bonus to maintain long jobs.
This behavior reflects confidence in the potential upward trend, but also increases the risk of sudden references if the momentum is weak.
While speculative demand continues to support prices stability, the difference between derivative optimism and poor activity on the chain can lead to fluctuation.
source: Coinglass
Will Sol return support before recovery to $ 260?
Currently, the whale activity continues to dictate the direct path of Solana, as the risk exchange flows that are looming on the horizon emerge for the pressure pressure while the institutional transportation processes indicate a strategic position.
Price procedures remained about 214 to $ 220 axis, as it works as a base for any attempt to climb higher.
With the sharing of the network sliding and derivatives to stay with caution, the market is discovered between conflicting signals.
Ultimately, Solana’s whale -based sales pressure can be forced to re -test her support area before a recovery of a recovery of about $ 260 in the upcoming sessions.
