What will happen to the price of SOL

SOLANA (SOL) is going through difficult times: the price of altcoin is difficult to restore, despite attempts to overcome the levels of resistance

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

SOLANA investors continue to accumulate

Market moods around SOLANA remain positive. Changes in a clean position on exchanges show that investors continue to accumulate an asset. Over the past three months, sales have only once exceeded the accumulation.

This trend emphasizes the change in the behavior of investors who prefer to hold their positions. This indicates trust in the long -term prospects of SOLANA and implies the possibility of restoration of SOL as soon as the market conditions improve.

The general macroeconomic situation for SOLANA looks promising, since the Network Value to Transactions (NVT) coefficient is reduced. This indicates that the cost of the network corresponds to the activity of transactions – that is, the asset will not overheat.

A decrease in the NVT Solana coefficient can help the asset recover after recent losses. The low NVT coefficient usually indicates the growth potential, as it indicates the balance of the cost of the network and user activity.

SOLANA price expects recovery

The price of SOLANA at the time of writing is held at $ 146, remaining above the critical support of $ 144. This support prevented a sharp fall in June. The retention of above $ 144 indicates the presence of SOL of some bull impulse, despite the market difficulties.

Bull signals from SOLANA indicate possible growth. If Sol bounces from support of $ 144, it can aim at a resistance of $ 152 and further by $ 161.

However, if the bull impulse weakens and the pressure of the bears will increase, Solana can fall below the support level of $ 144. In this case, the price runs the risk of decreasing to $ 136, which cancel the bull forecast.

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