Soliana has been pressure, struggling to stay above $ 130 during the past seven days. Over the past thirty days, Sol correction is approximately 36 %, which reflects the wider market weakness.
The continuous decrease in the impulse is behind the total closed value (TVL) and the activity of the whale, which shows mixed signals. Since Sol is trading within a narrow range, investors closely monitor the main support and resistance levels to measure where the next main step can be revealed.
Solana TVL is struggling less than $ 9 billion
The total value of Solana Locked (TVL) is 8.57 billion dollars, as it has remained less than the 10 billion dollar sign since February 23.
This last trend highlights a period of a flowing capital to Solana’s ecosystem, indicating that investors and protocols adopt a more cautious position.
Nevertheless, Solana continues to keep a large share of the decentralized financing market (Defi), but the 10 billion dollar sub -range reflects the morale of the broader market and the appetite risk within the ecosystem.
TVL, or the total closed value, measures the amount of capital deposited via Blockchain’s Defi Protocols, including lending, assembly, liquidity applications and other contract -based applications.
It is a major measure of health and activity in Blockchain, where TVL generally reflects the powerful user participation, liquidity and developer’s confidence.
TVL of Solana has reached the highest level of $ 14.24 billion on January 18, but since it was in a steady decrease, reflecting a more cautious situation in the market.
Although TVL is still relatively low, it has shown signs of stability and a slight restoration, as it increased from its lowest level recently $ 8.11 billion on March 10 to its current level, indicating a possible transformation in the market morale.
Whales buy Sol again
Solana Whales – addresses that carry at least 10,000 Sol – currently 5,031, slightly increased from 5,008 only two days ago.
However, this number remains less than the 5,053 level that was observed on March 3, indicating that although some accumulation occurred, the number of the whale has not yet recovered from its last highest levels.
This volatility in adult holders indicates that the market is still going through a transitional phase as the main players restore their positions within the Solana ecosystem.
Monitoring the number of whales is extremely important because these adult pregnant women often have the ability to influence the market through a large purchase or sale activity.
The number of increased whale can indicate an increase in confidence between advanced investors, which may lead to further stability of prices or bullish momentum. With the current whale number climbing to 5,031, this modest height can be an early sign of renewed attention from the main players, which supports the idea of gradual accumulation.
However, the remaining number of the last summits indicates that although feelings may improve, some largest investors are still cautious, which may limit the immediate bullish pressure on the Sol price.
Can Solana decrease to $ 112 soon?
Solana Price is currently trading within a range, finds support at $ 120.76 and faces resistance at $ 131.
With the market showing signs of a declining direction, there is a risk that Sol can re -test the support level of $ 120.76.
If this level fails to keep, the price can decrease further towards the next main support at 112 dollars, indicating a deeper correction within the current declining momentum.
However, if Sol is able to restore positive momentum, it may challenge the immediate resistance at $ 131.
A successful collapse above this level can open the door to move about $ 152.9, with more payment to $ 179.85 if the upward morale is largely enhanced.
The current monotheism will be between $ 120.76 and $ 131, it will be very important in determining whether Sol continues to decline or its transitions to a continuous upward trend.
Disintegration
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