Altcoins News
By Sakamoto Nashi
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Redistribution and Profit-Taking Behavior. Recent market activity shows signs of strategic redistribution, particularly between $144 and $147.
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The Importance of Support Levels. While resistance remains strong, there are key support zones that could help Solana avoid further…
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Liquidation Trends and Volatility. Liquidation data from March 24 to April 2 further supports the idea that market sentiment is…
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Declining Active Addresses. Another important metric to consider is Solana’s daily active addresses.
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Looking Ahead: Consolidation Before a Potential Move. The combined data points to a few key trends in Solana’s current market behavior.
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Solana (SOL) has been encountering increased resistance around the $144 price point, with recent on-chain data signaling potential sell pressure.
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Interestingly, Solana’s accumulation at the $112 level has been rising significantly, with holdings growing from 4 million SOL in January to 9.7 million SOL by the end of March.
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However, recent trends in funding rates have indicated shifting sentiments in the market. From March 18 to March 24, Solana's price rose from $120 to over $140, causing a spike…
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Liquidation data from March 24 to April 2 further supports the idea that market sentiment is shifting. A total of $5.6 million of the $7.
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Additionally, exchange data revealed that liquidation volumes were fairly evenly spread across multiple platforms, including Binance and OKX, suggesting a broad market reaction…
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Another important metric to consider is Solana’s daily active addresses. On January 20, Solana saw a peak of 6.
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The combined data points to a few key trends in Solana’s current market behavior. Redistribution from the $147 range into lower price bands has reduced overhead resistance, while…
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For now, Solana appears to be range-bound below the $130 mark, waiting for a decisive trigger to move in either direction.
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