๐จ Major warning signal for Solana coin $SOL
It seems that the market is hiding something deeper than just a price surge... ๐
๐ Price analysis versus on-chain activity:
From CryptoQuant data, we observe a clear divergence between price and activity:
๐ฐ Price: in a strong upward trajectory, reached an ATH of $262.56
๐ Daily transactions: dropped from 125M โ 64M (a decrease of about 50%)
๐ Correlation: โ**-0.047** โ meaning that the price is no longer moving in harmony with network activity
๐ง Dr. Ghassan's view:
This is known in institutional analysis as ๐ Bearish On-chain Divergence โ meaning that the price is rising but the fundamental metrics are weakening, which is an early signal of losing the internal momentum of the market.
๐งญ Analytical tools used:
๐น On-chain Metrics (CryptoQuant / Glassnode): measuring real activity (number of transactions โ active wallets โ smart contracts).
๐น PriceโVolume Correlation: confirming the weakening correlation between price and activity volume.
๐น RSI / MACD / OBV: momentum indicators and liquidity flow.
๐น DeFi & NFT Trackers: to determine whether the decline is due to a real drop in usage or just internal system transactions.
โ ๏ธ Conclusion:
๐ If the decline in activity reflects a decrease in actual users (DeFi / NFTs), there is a high probability that we will see a strong price correction soon.
๐ However, if the decline is due to a slowdown in technical network transactions, the upward trend remains intact.
