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V: KP92877 Q: 3908306664 Solana has been soaring recently and is now approaching the key price of $250, which is a big hurdle for SOL. However, before it rose, it seemed that some big investors began to hesitate. The big players are starting to sell!  Data shows that long-term currency holders have recently begun to sell SOL. These people are critical - they can help stabilize prices when they buy, and they may suppress the market when they sell. Now the volume they sell has reached a half-year high, and market confidence is obviously a bit weak. If this selling continues, Solana may not be able to support $250, which will also affect its motivation to continue higher.  Looking at the broader picture, Solana's NUPL indicator shows that it has not reached "saturation" status. Historical experience shows that when NUPL climbs to the "belief-no" critical point of 0.5, the market will usually reverse, and then there may be a sustained correction in the next few weeks. In other words, Solana actually still has a little room for short-term upside before entering a real cooling-off period.  SOL is coming to a critical point The current price of Solana is about $235, which is less than 6% away from $250. SOL tried to rush up last weekend, but failed. But the good news is that it held support at $232. If the bulls are strong enough, SOL has the opportunity to rebound from $232 and hit the resistance of $242. If long-term currency holders are not in a hurry to sell, this breakthrough is quite reliable, and maybe it can return to around $250 in the short term.  However, if long-term holders start selling faster, SOL may not be able to hold support at $232. In this case, the price may fall back to around $221, suppressing the bullish momentum and disappointing previous short-term rise expectations. That’s all for the article! If you are still unclear about the direction in the currency circle, it is better to follow the layout of Manman, join VX + Q skirt without any threshold, and get market analysis, copycat opportunities and individual currency operations as soon as possible... V: KP92877 Q: 3908306664  |
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