Solana’s Uptrend Strengthens, But Investor Moves Raise Questions
#solana生态 #sol趋势 The price of Solana ( SOL ) has seen a massive 40% increase in recent weeks, climbing to $210. Despite this bullish trend, SOL is challenging resistance at $221, which could signal a potential reversal. Investor activity on the Solana network suggests that momentum may face obstacles in sustaining further gains. Solana Investors Need Incentives Trading activity on the Solana network has increased significantly during the recent price rally. The network’s trading volume recently hit a yearly high, highlighting the growing interest among participants. However, this growth was lower than expected given the current hype surrounding the Solana ETF and broader market bullish sentiment.
[Hot search list: PNUT popularity continues to rise, 24H down 6.73%]
The popularity ranking shows that PNUT's popularity has increased by 1.87 million compared with yesterday, ranking first. The popularity ranking is as follows:
① PNUT ($1.94, -6.73%) ② ACT ($0.7537, -14.56%) ③ PEPE ($0.00002122, -5.86%) ④ DOGE ($0.3761, -6.40%) ⑤ BOME: ($0.01008, -14.36%)
PNUT main funds have strong selling power, with a net outflow of $131 million in 24 hours and a transaction of $8.45 billion in 24 hours, of which the main net outflow is $26.0892 million.
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Recently, Bitcoin has experienced a pullback, which has led to adjustments in most currencies.
From the 4-hour chart, SOL's current K-line has fallen below MA30, forming a suspended state. The next trend may pull back to around MA60, which is around $200.
It is worth noting that the $200 position is very critical. It is not only the previous support level, but also coincides with the MA60 moving average, which has a dual support effect.
Therefore, in the short term, SOL's pullback to around 200 should become a support point. Once the adjustment is completed, it is expected to challenge the previous high of $225 again. #sol趋势