On-chain data turns positive, noticeable capital inflow for SOL
After several months of capital outflow, Solana's 30-day actual market cap inflow has finally turned positive, currently up about 4-5%.
Glassnode data indicates that SOL has kept pace with XRP in capital recovery, showing that market confidence is being restored. This capital inflow is often a precursor to rising demand and prices.
The futures market is releasing strong buying signals
CryptoQuant data shows that SOL's 90-day futures CVD (Cumulative Volume Delta) continues to rise, indicating that the market is in a 'buying on the bid' phase, suggesting strong upward expectations from traders. Both spot and futures are bullish, reinforcing the potential for SOL to continue rising.
The $180 supply zone is facing a test
After a month of steady growth, SOL is now approaching a key resistance level—$180. Historically, this area has repeatedly suppressed price increases.
However, against the backdrop of capital inflow and strengthened buying, this resistance is expected to be breached; if successfully held, it will target the next psychological level: $200.
Summary: The short-term key is the continuation of buying.
If buyers continue to exert pressure, SOL is expected to break through the $180 resistance zone and aim for the $200 mark.
The current focus is on whether the capital inflow will continue and whether market sentiment can remain high. If buying continues, this could be the starting point for SOL to initiate a new major upward wave.