The price of Solana has remained stable in recent days, moving sideways around the $ 200 brand.
This consolidation period could change towards the bullish impulse as investors intervene with great accumulation, which indicates a renewed optimism for the short -term perspectives of the Altcoin.
Solana investors collect supply
The data show that the exchanges balances have decreased to 3.79 million sun from the beginning of the month. This marks a clear change in investor behavior as the currencies leave centralized platforms, a typical long -term accumulation and possession sign.
Sponsored
Sponsored
In just one week, investors obtained a value for a value of $ 770 million, highlighting a strong upward posture. The expectation is that the accumulation continues will strengthen support above $ 200, which could allow the price of Solana to break the highest resistance levels.
Do you want more tokens ideas like this? Register in the daily newsletter of Editor Harsh Notariya here.
From a technical perspective, the Solana Relative Force Index (RSI) remains comfortably above the 50.0 neutral brand. The indicator remains in positive territory, which suggests that the bullish impulse persists and that the alternative still has space for the ascending movement.
This position also indicates resilience against broader market pressures. With RSI not yet in the overload zone, Solana seems to be well located to continue its promotion, provided that the tickets of the investors remain stable and no strong sale undermines the trend.
At the time of writing, Solana is priced at $ 203, just under the immediate resistance of $ 206. Keeping above $ 200 remains key, since it provides the base for higher profits in the short term.
The strong support of investors could lead to Sol beyond $ 206 and around $ 214 in the next few days. A successful outbreak above that level would open the door to $ 221, adding impulse to the upward perspectives.
However, if the headlines decide to block the profits, Solana could face a setback. Lose the $ 195 support exposes the price to a decrease towards $ 189 or lower. This would effectively invalidate the upward case and extend lateral action.