💥Crypto Crash : Why Solana Remains Resilient💥
For several weeks, the crypto universe has been plunged into a period of turbulence. Increased volatility and widespread losses have put the portfolios of investors to the test and shaken confidence in several assets. However, amid this chaos, some cryptos manage to stand out by capturing the attention of analysts and triggering the interest of investors. Solana (SOL), in particular, stands out as an example of resilience. Despite recent declines, this asset continues to benefit from favorable indicators and strong momentum, suggesting promising prospects for the future.
🔶A turbulent market, but intact potential
Over the past week, Solana recorded a drop of 17.13 % in its value, a decrease that fits into an overall trend of contraction in the crypto market. Although this decline may seem critical at first glance, some key indicators reveal a more nuanced reality. Data from Glassnode, in particular, highlights that the MVRV ratio (Market Value to Realized Value) of Solana remains in a moderate valuation zone. This indicator, which helps determine whether an asset is undervalued or overvalued, shows that Solana is currently oscillating between the average and +0.5 standard deviation. Thus, this suggests that, despite the turbulence, the asset has not yet reached a cycle peak. “These data show that Solana retains significant profit potential before tipping into an overheating zone,
Meanwhile, Solana continues to demonstrate its ability to attract capital. Since September 2023, the network has recorded positive net flows reaching spectacular peaks of $776 million per day. This exceptional level of liquidity reflects the confidence of investors, whether they are positioning themselves in the short or long term. Indeed, this trend underscores Solana’s lasting appeal in a challenging market context, as well as the strength of its ecosystem. Thus, the data reveal that the profit-taking involves assets of various holding durations, meaning from one week to one year, reflecting balance
