Solana on-chain flows flag notable supply shift as SOL trades near key support
NeutralCryptocurrency

- Solana's on-chain flows indicate a significant supply shift as the cryptocurrency trades near key support levels, with recent price movements keeping SOL above $120 despite subdued demand from futures traders. This situation reflects ongoing volatility in the market, as traders remain cautious amidst fluctuating investor sentiment.
- The stability of Solana's price around critical support levels is crucial for maintaining investor confidence and market stability. A failure to hold these levels could lead to further declines, impacting both retail and institutional investors who are closely monitoring the asset's performance.
- The broader cryptocurrency market is experiencing mixed signals, with some analysts noting potential rebounds while others highlight weak derivatives metrics and declining network activity. This divergence in outlook underscores the challenges facing Solana and similar assets, as many investors are currently underwater, raising concerns about market sustainability and future growth.
— via World Pulse Now AI Editorial System







