“Smart Money” drew attention to Solana

SOLANA is quickly restored after the ceasefire between Israel and Iran. This rally again attracted the attention of large investors known as “smart money”.

If the current impulse is preserved, the price of Solana (SOL) can rise above $ 150 to the end of the second quarter.

Large investors support SOLANA

The geopolitical discharge that began on Monday after the announcement of the ceasefire revived the interest in risky assets. This attracted “smart money” back to the SOL market. The daily schedule shows the growth of the smart money index (SMI) by 1% since the announcement on Monday.

SMI measures the activity of institutional investors, tracking prices at certain points in a trade day. He shows how “smart money” trade at the end of the day, after the morning volatility caused by retail investors. The gradual growth of SMI indicates a growing confidence among key investors as price increases. This trend indicates that institutional players are preparing for further growth.

The ratio of long and short positions on SOLANA also supports an optimistic forecast. According to Coinglass, it is 1.013, which indicates the growing confidence of the traders futures on SOL. The consonance above 1 means that there are more long positions than short ones, and traders mainly relieve the price increase.

SOL fights critical resistance

With the growing interest of key holders and improving market dynamics, SOL is ready to continue growth in July. If altcoin overcome resistance at $ 148.81, it can reach $ 150. However, if the demand weakens and the distribution phase begins, the price may fall to $ 142.59. When increasing bear pressure, the token risks the risk of decreasing to $ 134.68.

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