Solana Looks Calm at $77, But On-Chain Signals Say Otherwise
The Solana price action looks surprisingly calm near $77, more so as SOL keeps a smallish (2%) uptick on the 30-day timeframe. However, deeper analysis reveals several alarming signs, including collapsing trading volume, increased exchange inflows, and a bearish price pattern. Plus, an interesting on-chain demand development is also surfacing. Is Solana’s On-Chain Demand Recovering? The post Solana Looks Calm at $77, But On-Chain Signals Say Otherwise appeared first on BeInCrypto.
Key Takeaways
- The Solana price action looks surprisingly calm near $77, more so as SOL keeps a smallish (2%) uptick on the 30-day timeframe.
- However, deeper analysis reveals several alarming signs, including collapsing trading volume, increased exchange inflows, and a bearish price pattern.
- Plus, an interesting on-chain demand development is also surfacing.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
Bullish shares jump 10% as Q2 adjusted EBITDA more than triples
The crypto exchange operator’s shares gained around 10% as adjusted EBITDA more than tripled and subscription and services revenue hit a record high.
XRP Broke a Level It Hadn’t Touched in Over a Year — And Whales Bought It
XRP (XRP) slid into the red over the past month while the rest of the major tokens posted modest gains. The token now sits near $1. The divergence runs deeper on-chain. Large holders keep accumulating, yet spot ETF inflows have stalled, and Binance traders…
XRP Holders Can Now Trade Options Using Flare’s FXRP as Collateral
The Derive integration gives XRP holders a way to hedge or speculate without depositing their tokens with a centralized exchange.