- Solana’s trading volume? More like a trickle in a desert!
- The next few days? It’s do-or-die for our beloved SOL.
Solana [SOL] took a tumble, falling 15.56% in a day – whoopsie daisy! It’s like a child’s tower of blocks, crashing down below $150. SOL’s leading the race to the bottom with a nearly 20% weekly nosedive.
And talk about a splash – the on-chain transfer volume? Down to a meager $14.5 million. That’s a 99% dive from its November billions. Imagine a diver belly-flopping from the high board!
With on-chain metrics cooling off faster than a popsicle in winter, is SOL due for a deep freeze, or will buyers come to the rescue like superheroes?
Solana’s Volume: A Cliffhanger of Epic Proportions
For SOL, holding those support levels is like trying to balance a stack of pancakes on a single finger. All post-election gains? Poof! Vanished like a magician’s rabbit.
Since its peak after the TRUMP memecoin fiasco, Solana’s been wobbling like a drunkard, with no solid ground in sight. The risk? It’s as extreme as skydiving without a parachute!
Crypto analyst Ali Martinez pointed out the elephant in the room: Solana’s volume metrics are tanking faster than a lead balloon.
Trading at $139.70 as I type this, SOL’s at a crossroads. Flip this level into support, and it’s a hero’s welcome. Fail, and it’s the Titanic all over again.
Long-term holders might just throw in the towel, especially after SOL flushed nearly $40 billion down the toilet this month. Talk about a royal flush!
While Solana’s volume data hints at no supply crunch, excess liquidity’s like a rain cloud over a picnic. With nearly $1 billion in Total Value Locked (TVL) disappearing, a sunny recovery might be a mirage – at least for now.
The Future of Solana: Crystal Ball or Crystal Clear?
In past cycles, the bulls were as absent as a ghost. SOL’s been on a slide, shaking off the weak hands like dandruff. Could this be the setup for a dazzling new high?
Solana’s on-chain volume metrics are like a phoenix rising, soaring by double digits to $5.28 billion. Impressive, no?
But hold your horses! We need more proof in the coming days to say this trend’s turned tail. If buying momentum fizzles, the 99% dive in Solana’s transfer volume, plus wimpy bullish support, might just be a flash in the pan.
For a real rebound, strong accumulation’s the name of the game. It’s time to shock the supply and soak up that excess liquidity.
Keep your eyes peeled on Solana’s volume metrics – they’ll be the tell-tale sign of a potential turnaround in the days to come.
Read More
- USD VES PREDICTION
- How to watch A Complete Unknown – is it streaming?
- INJ PREDICTION. INJ cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- COW PREDICTION. COW cryptocurrency
- USD MXN PREDICTION
- EUR HUF PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- RLC PREDICTION. RLC cryptocurrency
- CRV PREDICTION. CRV cryptocurrency
2025-02-28 10:35