USDJPY
EURUSD
Crypto
Solana slips below $130, but onchain data suggests SOL remains bullish
Key Takeaways (30s Read)
Solana slips below $130, but whale accumulation indicates a potential recovery.
Solana's price has slipped below $130; however, on-chain data suggests a recovery potential. Whale accumulation is on the rise, leading to a decline in supply on exchanges. This scenario provides a solid foundation for price support, with bullish sentiment emerging among investors. The strengthening of on-chain metrics has further fueled demand, suggesting that despite market fluctuations, the medium to long-term outlook for Solana remains optimistic. Investors should continue to monitor SOL's price, taking into account whale actions and supply conditions on exchanges.
AI Analyst
AI Opinion
"Solana's market dynamics are worth watching. With the price dipping below $130, whale accumulation acts as a bullish signal for investors. The decline in exchange supply reflects a healthy market condition. While on-chain data emphasizes signs of recovery, the risks from short-term price fluctuations remain. Caution is advised, especially as external factors could impact the market. Investors should monitor how SOL navigates through the $130 level while considering prudent positioning."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.