Current state of Solana (SOL):
Price: at 180$ with significant support at $175.
Resistance: at 189$ and $201, and Solana has not been able to break the $200$ barrier previously.
Indicators:
Increase in mature holdings ($905 million of SOL has become long-term) → a signal of investor confidence and reduced supply for trading.
Chaikin Money Flow indicator is negative → outflows are higher than inflows, increasing selling pressure.
Potential scenarios:
If it holds at 175$ → it may return to 189$ and possibly attempt to break $201.
If it breaks down below 175$ → risk of dropping to 163$ and canceling bullish expectations.
🔑 Summary: Solana is moving between the confidence of long-term holders and short-term selling pressure, and a return to 200$ depends on investors' ability to withstand the pressures.
Not investment advice
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