Solana arrangement on the horizon? The support of the Gaous Channel indicates a possible price reflection
Solana He is arrested in a period of continuous declining performance due to the noticeable decrease in the broader encryption market, with a decrease in the price by approximately 23 % in the past week. After this strong, strong step during the past few days, Altcoin may be assigned to recover prices as promising trends are revealed on the Sol chart.
Gaussian channel style provides strong support for Solana
Optimism blooms again, as Solana offers the possibility to say the upward trend after an increasingly volatile period. Tardigrade’s encryption expert and investor identification A fan direction on the Sol chart, with a bullish style provides strong support for the price.
TellerAnd that has suffered from a large sale pressure, is currently circulating near the decisive technical fields that can change the price course. Trader Tardigrade highlighted that Sol has formed a galactic channel pattern on the weekly timeline, which indicates the increasing momentum.
It should be noted that the medium range of the formation of the Jose channel provides support for Solana. At this stage, the encryption expert highlighted that altcoinThe declining direction is expected to slow down or witness a price reflection.
However, whether Solana can overcome the main resistance levels and move up again, it will also depend on the continuation of momentum and strong demand for purchase. At the same time, some developments such as Mimi tired currencies And huge 1.7 billion dollars open the distinctive symbol This weekend offers strong downward pressure on the original.
While these developments may hint over the imminent hypotension, Trader Tardigrade is still optimistic about Sol long -term performance. The upcoming emotions of experts are supported by the continuous growth of the ecosystem of Solana and its recovery from display disorders in the past.
Looking at the current fluctuation in the Sol price, standards on the series Reveal Investors seem to be in fear. This shift in the feelings of investors is evident through a sharp decrease in adult investors, and they are usually considered whale holders.
Examined technical analyst and merchant Ali Martinez I mentioned A decrease in wallet addresses held more than 10,000 Sol last month. The decrease raises concerns about whether these big investors are re -setting or achieving profits because they are waiting for a possible counterattack. This is amazing Feelings of weak investors The Sol price is at risk of watching the extension of its descending movements to low levels.
The Sol transfer volume sees a significant decrease
Investors and benefits’ confidence is also reflected in a sharp decrease in the size of the Sol transportation, indicating a decrease in the network activity. The decrease in the volume of transfer means the decrease in the demand for transactions on Solana Blockchain.
Data from Ali Martinez He appears This Sol transfer volume decreased from $ 1.99 billion to only 14.57 million dollars. This sharp decline occurred within 3 months, especially since November last year. Since Altcoin holds the main support levels, this development is wondering about the sustainability of its location over these areas.
Distinctive image from Adobe Stock, Chart from TradingView.com
