Solana leaps by 19 % and tickles $ 230. However, historical investors liquidate their positions. The Crypto network attracts less and less. Simple technical rebound or fragile summit? Complete analysis here.
In short
- Solana's historic investors sell massively, betraying a lasting loss of confidence.
- The fall of new addresses slows the adoption, thus weakening the current uptime dynamics of the token soil
Solana goes up, but strong hands are relieving
The Crypto Solana (floor) records A weekly increase of 19 %. He even temporarily crossed the $ 230 threshold. This bullish movement relaunches the attention of markets to an asset still closely monitored by traders.
However, a background indicator combines this table. We allude to Long-Term Holders (LTH) that show clear signs of distrust. Their sales are indeed reaching a seven -month peak. This suggests a coordinated, counter-current strategy of the current momentum.
This behavior indicates a lack of conviction in pursuing the rally crypto. The hollow of mid-September seems to have permanently marked the spirits. Faced with a rebound perceived as fragile, some prefer to secure their earnings. What accentuate the selling pressure. Such a dynamic weakens the bullish momentum, especially if the trend is growing over the coming days.
Oxygen crypto network despite the rally
Another structural signal supports this observation: network growthwhich slows down clearly. The number of new addresses active on the Solana blockchain falls to a six -month lower. This decline testifies to a loss of attractiveness, at the very moment when the asset crypto is looking for a second breath.
Decryption: less new entrants implies a drop in incoming flows, therefore a limitation of the bullish potential in the short and medium term.
This stagnation is opposed to the conditions necessary to validate a sustainable bullish reversal. Technically, the $ 232 threshold remains the resistance to be crossed to confirm the momentum. A bullish break would aim for a soil lesson at $ 242, next area of interest. Conversely, a rejection at this level opens the way to a relapse to $ 221, or even $ 214. Which would invalidate the current upward hypothesis.
Between distrust of the old and disinterest of the new ones, the crypto-active Solana therefore plays an uncertain score. The continuation will depend as much on technical signals as on a return of confidence. To follow …
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