Solana has experienced a downtrend recently, but a 24% surge suggests that it may be recovering. The Short-Term Holder Net Unrealized Profit/Loss (STH NUPL) metric indicates that short-term holders are entering profit territory, reducing the likelihood of further selling. If profits continue to rise, investors may choose to hold their Solana tokens, reinforcing market stability. Breaching the NUPL threshold could restore confidence among Solana holders and potentially lead to rallies. The Chaikin Money Flow (CMF) indicator suggests strong buying pressure, indicating that investors remain committed to Solana despite recent volatility. Institutional and retail investors also seem to see long-term value in the asset. Sustained inflows could help Solana maintain its upward trajectory. Holding the support level at $161 is critical for Solana, and a bounce from this level could push the price towards $183. Reclaiming $183 as support could set the stage for a move towards $200, reinforcing bullish momentum. However, failure to break $183 could lead to renewed selling pressure and potentially push Solana's price back down.



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