Altcoins News
By Pankaj K
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Solana (SOL) is showing signs of renewed investor confidence, even as its price experienced a slight pullback at the start of July. While SOL dropped by 2.
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One of the most compelling signals comes from the network’s wallet activity. According to data from Glassnode, the number of wallets holding at least 0.
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The increase in wallet activity coincided with a price jump to $150.76, indicating that this accumulation is not happening in isolation.
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Meanwhile, traders in the derivatives market are also aligning with this bullish sentiment. Futures and options data from CoinGlass shows a significant spike in Open Interest and…
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The Taker Buy/Sell Ratio—an indicator of buyer versus seller dominance—further confirms this outlook. The overall market ratio stood just above 1, indicating slight buyer control.
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From a technical perspective, Solana’s short-term price structure is also aligning with the fundamentals.
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Looking at the medium-term setup, Solana remains in a broader bullish structure but has yet to breach a descending resistance line on its chart.
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While Solana did face a minor dip recently, all signs point toward a healthy correction rather than a reversal.
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In summary, Solana is building a strong foundation for future gains. The all-time high in wallet activity, alongside bullish signals from futures and options markets, supports…
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