Solana (Left), while continuing the wavy course in the crypto money market, the price tested critical support levels. Landing under the psychological threshold of $ 170 LEFTentered a short -term fall trend. However, at the level of $ 150, he giving a sign of a strong recovery and went back to the rise. So, is this rise in the beginning of a new bull trend or a temporary reaction?
While Solana’s transaction volume increases, the number of users decreases
Solana price While watching a wavy course, the decentralized stock market (Dex) transaction volumes reached remarkable levels. Transaction volumes ranging from 2 billion to 3 billion dollars recently show that the mobility on the network continues despite the price decrease. However, the number of active addresses on the network fell from 18.5 million to 8.4 million in November 2024.
This decrease in the number of active address users Solana networkAlthough it shows that its interest has decreased, it is understood that it maintains the positions of major investors. While the sales pressure intensifies Left price He returned to $ 170 and broke the short -term decline trend. On the other hand, uncertainty continues throughout the market and volume fluctuations make it difficult for investors to make decisions.
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Can the solana price rise above $ 175?
Technical indicators show that the price is still in an uncertain area and moves in this region. The fact that the Gaussian channel continues to signal in the direction of decrease reveals that the rise movement is not yet strong. Although the RSI indicator gives signals of recovery Left coin price It may be difficult to overcome $ 175 in the short term.
However, a possible recovery in market sensitivity may increase the procurement pressure. In this case, the price of the left can come out of the downward trend and move again in the upward trend. At this point, investors need to follow volume movements closely.
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.
