Altcoins News
By Sakamoto Nashi
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Solana (SOL), one of the top-performing cryptocurrencies in recent months, is experiencing a noticeable slowdown.
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One of the key metrics signaling potential downside is the Spent Output Profit Ratio (SOPR).
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The liquidation data further confirms this bearish outlook. In the past week alone, short positions on Solana have reached $1.
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In addition to SOPR and liquidation trends, technical indicators like the Bull-Bear Power Index are also showing signs of weakness.
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While these signals do not confirm a long-term trend reversal, they do point to a cooling-off period for Solana.
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From a technical perspective, Solana’s price is approaching a critical zone. After dropping from its recent peak of $206, the token is currently hovering around $184.
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However, there’s also key resistance near $187—a level where Solana has faced rejection in the past.
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The combination of weakening SOPR, a sharp rise in short positions, and diminishing buyer strength makes this a critical time for Solana.
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In conclusion, while Solana’s broader uptrend may still be intact, short-term indicators suggest caution.
The Currency Analytics
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