- Pisces and growing social feeling leads the interest of the market in Solana.
- Technical and derivative monotheism data proposed the possibility of Solana.
Recently, the important whale movements have been observed, as the total huge transfers amounted to more than $ 200 million.
These transfers, which arise from unknown portfolios, raise important questions about the liquidity and stability of the market.
At the time of the press, Solana [SOL] He was Trading at $ 143.96, which reflects a slight decrease of 0.90 % in the past 24 hours.
Pisces often refer to potential transformations in market morale and price movement, where transportation operations can widely lead to increased purchase or sale pressure, depending on the intentions behind the moves.
Social feelings and size show increasing attention
Solana’s social size increased recently, indicating an increasing interest in the original. However, social domination is still 3.94 %, which is relatively low compared to other assets.
This indicates that while interest in Solaa is increasing, it has not yet reached the levels that were seen with more dominant metal coins.
If this trend continues, more retail investors may be attracted to the market. As a result, this may lead to a high demand for Solana and may push prices up in the near future.
Source: Santime
Solana Derivatives The market has witnessed a remarkable increase in size, as $ 9.35 billion has been traded within the past 24 hours, which represents an increase of 12.88 %.
Although the open interest (OI) slightly decreased by 0.89 %, the volume of options increased sharply by 411.70 %. This indicates a strong rise in speculation circulation.
In addition, OI options have grown by 21.19 %, indicating that investors expect a large price movement soon.
Therefore, the market participants put themselves to take advantage of the potential changes in prices, indicating that the main step may be on the horizon.
The liquidation data shows more connected phases of short pants
During the past 24 hours, Solana faced $ 3.57 million in liquidation at the time of the press, with more long jobs liquidated. This indicates the market correction.
Liquidation of long situations leads to price adjustments, which increases volatility as trades are approaching.
In addition, major exchanges such as Binance and OKX have increased the market instability.
Traders should remain cautious, as the current data indicates a short -term slowdown. However, this environment may also create opportunities for others looking to enter the market.
Source: Coinglass
Technical analysis reveals unification with the possibilities of penetration
At the time of writing this report, Solana was strengthening the main support at $ 136.14 and resistant at $ 155.28, and the formation of a possible “cup and handle”.
Although the price remains in a versatile channel, it presses this range, indicating that the outbreak can occur if the purchase is taken.
The breach of more than $ 155.28 can indicate the beginning of the upward trend towards higher levels. Merchants must monitor the confirmation of size and price procedures to determine the sustainability of the penetration.
Source: TradingView
Is Seoul preparing for penetration or constant unification?
Solana is integrating within a clear scope, but whale activity and high interest in social interests and derivatives in a possible outbreak.
The liquidation data indicates the continued fluctuations, but if Solana bears its current levels and exceeds the resistance of 155.28 dollars, the progressive price movement may follow.
Traders should closely see these main levels of any momentum transformations.
