Solana Buyers Outnumber Sellers 2-to-1 —SOL Price to Hit $150?
Solana on-chain analysis examines how changes in key fundamental growth metrics, and sentiment among network participants could impact SOL price action.
Key Insights:
Solana (SOL) price rose to a historic 20-month peak of $126 on Dec 25, before entering a 12% retracement to $110 on Tuesday morning.
Before the correction on boxing day, Solana had posted 6 consecutive days of bullish price action
Wallets buying SOL currently outnumber those selling 2:1 signaling that the price pullback was not triggered by significant deterioration in the Solana network’s growth fundamentals.
Solana (SOL) price delivered a blistering 18% rally on Christmas day, bouncing from $107 to a peak of $126 within the Dec 25 daily timeframe.
On-chain analysis examines how changes in Solana’s fundamental growth metrics, and the overall sentiment among network participants could impact SOL price action in the days.
