The price of Solana is undergoing a significant test at the critical resistance point of $150 due to increasing sales from long-term investors (LTH). While new investor interest is rising, this selling pressure could create a potential downward impact on the price.

The return of LTH sales after a short accumulation period strengthens the likelihood of price pressure on SOL. According to COINOTAG's analysis, a permanent breakout above the $150 resistance and the establishment of $152 as new support could herald a strong bullish reversal for Solana.

Long-Term Investor Sales Limit Solana’s Rise

Attempts to increase Solana’s price are encountering rising sales from long-term investors who hold a significant portion of the supply on the network. Initially, these investors were accumulating, signaling market stabilization. However, net positions quickly fell into negative territory, indicating increased selling pressure.

This situation is critical in terms of market psychology because LTH behaviors are often decisive for price direction and overall market sentiment. Increased sales indicate a cautious approach, but if it continues, it could create significant downward risk on the SOL price. It is crucial for investors to closely monitor changes in LTH net positions for predicting future price movements.

The Increasing Participation of New Investors Provides Hope Despite Volatility

Despite the LTH selling pressure, Solana shows a significant increase in new addresses; this indicates that new investors are entering the market and long-term expectations remain vibrant. The rise in the number of new users suggests that confidence in Solana persists despite short-term price fluctuations.

This development could balance the negative effects stemming from LTH sales and contribute to the price stabilizing or recovering. Market experts often view the influx of new investors as a positive signal that precedes increased liquidity and rising prices. Maintaining this momentum for Solana will be critical for breaking through the $150 resistance.

$150 Resistance: Key Level for Solana’s Future

Currently trading at around $146, Solana is facing strong technical resistance around $150. For SOL, which struggled to surpass this level in previous bullish attempts, $150 is a critical threshold both psychologically and technically.

If the price cannot break through this resistance, Solana could enter consolidation and pull back to support levels around $144 or $136. This indicates that market uncertainty has increased and upward momentum may be delayed. On the other hand, a successful breakout above $150 and the establishment of $152 as new support could eliminate negative expectations and trigger a strong bullish reversal. Thus, Solana could gain momentum towards higher price targets.

Market Sentiment and General Crypto Trends Affect Solana

Solana’s price movements are influenced not only by its internal dynamics but also by general trends in the crypto market and investor sentiment. A bullish turnaround in the overall market mood could provide the necessary energy for Solana to overcome resistances and maintain its gains.

Investors also need to closely monitor macroeconomic developments and changes in regulations. These factors can play a critical role in making strategic decisions for Solana investments.


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