Why the price of Solana can rise to $ 190

The popular altcoin SOLANA (SOL) in the last week gained a strong upward impulse, rising by 15% thanks to the resumed optimism in the market.

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

SOLANA traders make large rates for growth

Firstly, the onchain-data show a noticeable decrease in the LiveLans for SOL over the past 14 days. This indicator, which tracks the movement of previously inactive tokens, has fallen to 0.764 yesterday, which indicates a decrease in SOL sales among long -term holders. This reflects an increase in accumulation and confidence in the future of the asset.

This trend shows the confidence of the key holders of SOL. If it is preserved, this can lead to long -term growth, since the overall mood in the market improves.

On the SOL derivatives market, the pressure of customers is noticeable, as can be seen from the current ratio of long and short positions of 1.01.

The ratio of long and short positions on SOL reflects the growing interest in long positions. Traiders continue to take up positions to take advantage of the upward movement, which can strengthen the coin.

Sol forecast: where will the price go

On the daily schedule, SOL is traded above the ascending trend line, which indicates the overall price increase and the dominance of customers over sellers.

If the trend is preserved, Sol will be able to confidently overcome $ 190 and reach $ 195.55, a maximum of July 28.

However, active profit fixation threatens to cancel the optimistic forecast. If the sellers return, they can reduce the SOL price below the rising trend line to $ 171.88.

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