Solarium It is caught in a continuous bearish performance period due to the remarkable decrease in the broader cryptographic market, and its price collapsed at almost 23% in the last week. After this robust movement down in recent days, Altcoin could be prepared for a price recovery as promising trends are developed in the sun table.
The Gaussian channel pattern provides strong support for Solana
Optimism flourishes again, since Solana shows potential for a rising impulse after a high volatile period. Expert and investor tradero of Tardigrade Cryptography identify An encouraging trend in the sun table, with a bullish pattern that provides strong price support.
SUNThat has experienced substantial sales pressure, is currently being quoted near crucial technical areas that could alter its price trajectory. Trader Tardigrade stressed that Sol had formed a patron of Gaussian Canal in the weekly period, which indicates a growing impulse.
It is worth noting that the average band of the formation of Gaussian channels is providing support for Solana. At this point, the encryption expert stressed that the alternativeThe downward trend is expected to decrease speed or witness a price reversion.
However, if Solana can exceed the key levels of resistance and move higher again, it will also depend on the continuous impulse and the strong purchase demand. Meanwhile, certain developments such as Meme coin fatigue and the massive $ 1.7 billion of Token Sol unlock This weekend has a robust bearish pressure for the asset.
While these developments can hint an imminent bearish pressure, trader tradigrade remains optimistic about the long -term performance of sun. The expert’s upward feeling is backed by the persistent growth of the Solana ecosystem and the recovery of supply interruptions in the past.
Given the current volatility in the price of sun, chain metrics reveal that investors seem to be in a state of fear. This change in the feeling of investors is evidenced by a strong reduction in large sun investors, commonly considered whale holders.
Experienced technical analyst Ali Martínez reported A decrease in wallet addresses that have more than 10,000 sun in the last month. The fall raises concerns about whether these large investors are repositioning or obtaining profits, since they expect possible price rebounds. Such Feeling of weak investors It puts the sunny price at risk of witnessing an extension of its movements down to lower levels.
The sun transfer volume sees a significant fall
The relief and interest of investors are also reflected in a strong decrease in the volume of sun transfer, indicating a reduced network activity. A decrease in transfer volume implies a lower demand for transactions in the Blockchain Solana.
Ali Martínez data shows This volume of sun transfer has fallen from a whopping $ 1.99 billion to only $ 14.57 million. This strong decrease took place in the space of 3 months, particularly since November last year. As Altcoin has key support levels, this development questions the sustainability of its position above these areas.
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