Take to remember:
Sol (floor) projects a downward perspective on the daily graph after having formed a downward engulfing, and if the trend is maintained, the ground price could drop to $ 120.
On the time of a day, Sol shows a head and shoulder motif, which is a downward inversion signal. Ventilation lower than its low -cut level of $ 140, confirmed by a peak in volume, could lead to a downward continuation.
The downward goal of the head and shoulder scheme is around $ 126, supported by the immediate liquidity zone. However, the daily application area is described by the control block between $ 95 and $ 120 (yellow box), which could be tested in the coming weeks.
The lower floor model could be invalidated if the price reaches a daily closure above the resistance level of $ 157. However, Solana showed a strong correlation with Bitcoin throughout the quarter. With potentially supported support by BTC near the $ 100,000 level, increased pressure of the sale could lead to a new correction for soil.
Related: Sol Price Rally at $ 200 Brewing, but 3 key catalysts must occur first
Onchain data support Solana Recovery.
Despite a lower perspective, ONCHAIN’s data for Solana continue to paint a bullish painting. According to Glassnode, the network of the value of the network / transactions (NVT) fell below 10, its lowest score since February 2025. This suggests a high use of the network compared to its market value, a key indicator of the long -term potential, despite the price of soil fluctuating less than $ 150.
In addition, the Change of Exchange Position Graphic reveals coherent trade withdrawals, a trend that has recently started to increase (that is, Sol returns to exchanges). This indicates an increasing confidence of investors, because the maintenance of so -called soil exchanges often signals accumulation for future gains. The data shows a significant net output, with peaks of -4.6 million soil on May 28, followed by a recent increase in deposits, which complies with the current drop in price.
While Solana’s price was faced with volatility, going from a summit of $ 295 at the beginning of 2025, ONCHAIN’s measures suggest an underlying force. The stable TNV and the increase in exchange outlets highlight a robust network activity and the accumulation of investors, exceeding the short -term price.
Related: Canada’s soil strategies with dry to register on the Nasdaq
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
