Solana (left), which has an important place in crypto money markets, is traded at $ 145 as of June 20. In the last month, 14 percent of the depreciation of Solana’s transaction volume is also observed. According to the last 24 -hour data, the transaction volume decreased by 16 percent and decreased to $ 2.64 billion. The horizontal watching of Altcoin price movements has also caused a decrease in investor’s trust.
Horizontal course continues
In Solana’s recent price performance, there is more horizontal movement instead of harsh fluctuations. The lack of significant rise compared to last month causes investors to reconsider their expectations. In particular, the value of crypto currency is less likely to reach $ 200 than the past. According to experts, existing market conditions and decrease in user interest weakens the expectations of rise.
Another prominent point in the analysis is the general stagnation in market dynamics. Not only Solana, but also in many other Altcoins. In this process, long -term investors have a patient attitude and short -term investors are thought to withdraw from the market.
Decrease in transaction volume
Solana’s 16 percent decrease in transaction volume shows that market activity is low. This decrease in the transaction volume makes it difficult for the price to break significant resistance levels. The decrease in the appetite of investors in transactions is an obstacle to carrying the price up.
At this point, it is stated that more powerful economic and technical indicators are needed to recover the market. In addition, updates on the Solana network or non -market developments are among the factors that may be effective on the price.
The difficulty of the $ 200 level
The main reason why Solana is difficult to reach $ 200 is the main reason for low transaction volume and decreasing investor interest. Experts say that the short term of this level is a low probability in the light of the current indicators. Technical analyzes also reveal that positive developments are needed in the coming period in order to overcome the existing resistances.
A Market Analyst said: “In order for Solana to reach $ 200 again, he said that both improvement in global market conditions and an increase in investor trust,” he said.
However, due to the high volatility in crypto markets and the fact that external factors can change prices rapidly, it is noted that a different picture may occur in the future.
In the light of up -to -date data, it is seen that Solana should be able to approach $ 200, strengthen market conditions, increase investor interest and increase trading volumes. Analysts think that the price may not rise if positive signals are not formed in technical indicators. It is emphasized that it may be important to adapt to new developments by closely monitoring the market.
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.
