What to give from the price of Solana

Since the beginning of June, Solana has been moving in the sidewall and holds in a narrow range between a resistance of $ 158.80 and finds support at $ 141.97. So far, Sol is not enough impulse to make a breakthrough.

We figure out what is happening on the SOLANA (SOL) market and what to expect from the price of cryptocurrency.

SOLANA holders believe in a bull breakthrough

Glassnode data show that the activity in the SOL network has been reduced since the fourth of June has reached a 90-day maximum. Yesterday, the indicator fell to a 30-day minimum by 0.764, which indicates a decrease in sales among long-term SOL holders.

This means that the long -term holders of Altcoin are confident in its potential and put on the rapid start of the rally. If investors continue to accumulate assets, this can lead to a bull breakthrough as soon as market moods improve.

Net Unrealized Profit/Loss (NUPL) also indicates the possibility of a bull breakthrough. According to Glassnode, this indicator has been in the “Hope” zone for 30 days and at the time of publication is 0.108. This means that many investors have already found themselves in the profit zone, but so far they are in no hurry to fix it.

The trend indicates a careful optimism among SOL holders and may indicate the beginning of a bull trend.

The next goal is SOL – $ 170

At the time of writing, SOL is traded at $ 148.06. If long -term holders continue to accumulate coins and historical models are confirmed, the price will receive a chance to break through the resistance by $ 158.80. A successful breakdown of this barrier will open the way to $ 170.

If sales are intensified, there will be a risk of support for $ 141.97 with a further rollback of up to $ 123.49.

Be in the know! Subscribe to Telegram.