Although Solana (left) made a quick start by climbing to $ 150 next week, an uncertain painting was formed for investors with the next recession. Although analyst forecasts are optimistic for the future, technical indicators and market data reveal that there are obstacles to a sudden rise.
4,500 dollars target in the light of technical formation
Ranled market analyst Ali Charts made a very ambitious estimate for Solana. According to him, the “Cup and Handle” formation formed in the weekly graphic indicates that the price can rise up to $ 4,500. However, in order to technically win this rise, the upward breaking of the determined resistance line and the weekly closing must be made above this level.
Ali Charts, the structure in the weekly graph, contains a strong potential for acceleration, ”he recalled that this formation is a harbinger of many increases in the past. Nevertheless, it is stated that such estimates should be evaluated only because of their technical data.
However, there is a significant difference between the hopeful discourses of the analysts and the market reality. The decrease in the themed token movements in the Solana network and the significant decrease in the transaction volume in non -decentralized stock exchanges in the last week weakens the likelihood of the price to jump in the short term.
Transaction data and social interest are relieved
According to the top -of -chain data providers such as centimeters, the social media interest in Solana is visibly reduced compared to previous peak periods. This decline in social volume shows that there is cooling in investor sensitivity and the upward pressure on the price decreases.
Another attention in the futures market was the return of financing rates to negative. This reveals that many investors who make transactions in futures now think that solana prices may fall instead of increasing in the short term. In other words, the market is preparing for the possibility of a correction rather than the expectation of rise.
Solana price, after the rise during the month of $ 145-152 began to consolidate. Although the RSI indicator is seen as a positive technical signal, it is emphasized by experts that this level alone is not a guarantee of a strong rise.
The reluctance on the buyer side shows that investors expect the price to decline to lower levels. This way of behavior reveals that the market lacks sufficient liquidity and momentum for the current fracture.
For investors, the situation is clear: There is a serious disconnection between long -term analysis and instant data. This reminds us that it should be more careful when making purchase and sale decisions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
