cryptocurrency Investors faced their fears and saw that, for now, the changing conditions did not produce as bad consequences as feared. The classic thing in this field is that the worst is quickly overpriced. This was the case with Iran and the Supreme Court tariff decision. These have now happened and we will stay behind and wait for their effects to disappear. So will Solana (SOL) be able to reclaim $135?
Escape from Iranian Stock Exchanges
US Treasury Secretary Bessent has been saying for 2 months that Iranian officials continue to send fiat money abroad. After the attacks, Iranian investors also started to move their assets out. According to Chainalysis data, there was a net outflow of $2 million in the first hour of the attacks. Elliptic reported that funds leaving Nobitex, Iran’s largest crypto exchange, reached $2.89 million in the first hour.
Although the numbers seem small, there is a clear eight-fold increase in outflows. Outflows are expected to continue, reaching $10.3 million between Saturday and Monday. Chainalysis wrote;
“Some of these flows are almost certainly ordinary Iranians transferring funds in response to increased risks. Others may be exchanges rearranging liquidity or seeking to reduce the visibility of their operations on the network, or state-linked actors using mainstream platforms to transfer funds.”
Avoid Excessive Leverage
The analyst with the pseudonym Evanss6 pointed out that the stock market is still at high levels and reminded the previous movements. One of the biggest concerns for the last 2 quarters is the risk that the correction that will occur due to the high stock market will put the already worn-out cryptocurrency markets into collapse mode.
Although the reasons for previous major crypto declines were different, they were basically linked to the losses experienced by the stock market. While the stock market was recovering, “cryptocurrencies that priced the future early and exaggeratedly” could not rise due to the impact of agendas such as customs tariffs, Iran risk and the independence of the Fed. The analyst wrote:
“The customs duties, which will be withdrawn after a week (China and EU showdowns, etc.), reduced the SPX from 6000 to 4800. The war, which was expected to last 4-5 weeks, reduced the SPX from 7000 to 6800.
This one wanted to fall, an excuse was needed for this. The new Fed chairman takes office. Private credit, cyclical AI issues, global net liquidity picture deteriorating and business concerns as stocks are at the top of their historical valuation ranges. There are constant walls of worry. These are times when you need to pay attention.
The fact that flow is on suicide watch while the index is 3% below exuberant ATHs is all you need to know to understand how crazy this bull market is.
I don’t know. “Do not overleverage until assets reach their value levels.”
Will Solana exceed $135?
Bitcoin NRPL data points to a clear profit-taking zone in the $68,000-$70,000 range. As the price rises, investors are fooled by even small gains and quickly reduce their risks. Turkish on-chain analyst @anlcnc1 says that the possibility of a sustainable rise is unlikely in an environment where the strengthening supply around $ 69,000-70,000 is not broken. So if Solana is to exceed $ 135, BTC must achieve persistence above $ 70 thousand. Indeed, this is where sustained volume profit sales came from.
In the medium term, good things are also coming for Bitcoln, Solana and thus the rest of the cryptocurrencies.
“Bitcoin Long-term holder supply continues to strengthen. Some short-term holders who prefer not to sell are accelerating this change as non-selling addresses gradually move to the LTH category. “You may not fully realize its importance yet because it is not reflected in the price, but this is a strong positive signal in the medium term.” – Anil
SOL Coin We now know how to get early signals from the BTC chart as it starts its journey to $135. So which are the important regions for SOL Coin? First of all, $77 has to remain solid as support because there is a risk of loss of $68 below it. This poses the risk of the price being stuck below $80 for a few quarters. However, since RWA motivation is the second most interesting network SOL Coin ETF It can be said that the possibility of a deeper bottom has become weaker compared to the past, since the motivation in the long term is not zero on the corporate side.
The return to $ 135 for SOL Coin depends on overcoming the legendary barrier of $ 105 with closings above $ 88. If BTC starts daily closings above $70 thousand, these will be the first two targets. Then, we will wait for the $127-135 range and eventually the recovery of $200.
