🔻 Weak Recovery Stalls at $135
Solana ( $SOL ) is losing momentum again after failing to break the key $135 resistance. Now trading near $130, SOL struggles to build on earlier gains as market sentiment turns cautious.
📉 Falling Velocity Signals Weak Demand
Solana’s velocity — how often the token changes hands — has dropped to a 5-month low, signaling shrinking interest and participation. This decline mirrors late 2024 levels, pointing to fading enthusiasm among traders.
⚠️ MVRV Enters Danger Zone
SOL’s MVRV ratio has dipped below zero, showing that short-term holders are now underwater. This raises the risk of capitulation, as traders may sell to cut losses, deepening the slump.
📊 Price Action & Indicators Flash Bearish
SOL’s RSI is 43.89, below neutral, indicating fading bullish momentum. OBV is flat, showing lack of strong buying pressure. A break below $125 support could trigger further losses.
🚪 What’s Next for Solana?
If buyers fail to reclaim $135, SOL could slide back to $120-$125. A breakout above $135 might push price toward $150, but current indicators suggest hesitation and weak demand.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
