Solana Price recently made efforts to restore the losses she experienced earlier this month. However, these attempts were stopped by decisive holders who choose to sell, making the pressure on the price.
Nevertheless, new investors remain rising, hoping to get more upward trend in the short term.
Solana holders sell
Last week, LTHS has turned from selling to accumulation, providing hope for price recovery. Unfortunately, this shift was short -term, as Hodler Net changed to the bottom of the zero line.
This indicates that LTHS has returned to the sale, which may put pressure on the price.
Given that LTHS controls a large part of the market supply, their sales activity greatly affects Solana’s work.
This sale trend may lead to more declines, especially if the momentum continues in the coming days.
In a more positive note, Solana suffers from a sharp rise in new addresses, indicating an increased interest in Altcoin. This trend highlights that despite the fluctuations, new investors are optimistic about the potential of Solana.
The increase in new headlines indicates that Solana is gaining strength, especially among those looking to benefit from potential price gains.
The flow of new investors indicates that there is still great confidence in the future of Solana. This optimism can play an important role in helping the encrypted currency in its recent fluctuations.
Sol price may suffer
At the time of this report, Solana is trading at $ 146, which reflects an increase of 5.6 % over the past 24 hours. Altcoin currently faces resistance at $ 150, a decisive barrier to override the price.
However, unless stronger bullish signals appear, Solana may struggle to break $ 150 before the start of the Q3.
Altcoin can hover about a brand of $ 144 or even a decline to $ 136. This may lead to a unification period where investors await clearer signals from the wider market.
On the other hand, if the broader market turns to climb, Solana’s price may exceed the level of resistance of $ 150.
The lounge above this price, followed by turning $ 152 to support, will nullify the homogeneous expectations and indicate a strong upward step for Altcoin.
Disintegration
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