$SOL
🔥 $900M in Maturing $SOL Could Fuel Solana’s Push Toward $200
Solana has been battling to reclaim the $200 level, facing resistance after repeated attempts. However, a new shift in investor behavior could change the tide.
🔸 Investor Confidence Growing
In the last 24 hours, over 5 million SOL—worth $905M—matured from 6–12 month dormancy, signaling a rise in long-term holders. This trend suggests growing confidence in Solana’s future as tokens move out of short-term circulation, potentially reducing selling pressure.
🔸 Macro Pressure Remains
Despite this, the Chaikin Money Flow (CMF) indicator has slipped below zero, highlighting stronger outflows than inflows. If selling persists, near-term resistance may remain difficult to overcome.
Currently trading around $183 (+3.09%), SOL is holding strong above $175 support. If long-term holders remain firm, price could climb back toward $189, setting the stage for another test at $201. Breaking this level could mark Solana’s long-awaited return above $200.