Solana (Sun) continues to maintain its strong bullish trend, with the token recently reaching the top cool.
While long -term perspective remains optimistic, short -term investors may need to prepare for a possible fall. Historical patterns suggest that corrections often follow accelerated profits periods.
Solana is reaching its saturation point
The relative force index (RSI) is close to a critical area. While RSI levels greater than 70.0 typically indicate overload conditions, Solana has historically reversed much earlier. In fact, the past decreases have begun when RSI crossed the 62nd mark.
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Currently, the Solana RSI is at age 61, placing the alternative to the edge of saturation. If the trend is repeated, Sol can be prepared for short -term correction, potentially cooling before resuming its broader upward trend.
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The data in the chain reveal that the new addresses in Solana have fallen to levels last seen in April. This marks a minimum of five months and indicates a decisive interest of new investors. For any asset, the decrease in new entries may indicate the impulse of weakening.
The decrease can be linked to the month and a half of Solana, which might seem overheated for new participants. With the risk of coming, some investors may prefer to wait instead of risking to enter a potential peak.
Sol Price could see a decrease
At the time of writing, Solana is traded at $ 219, keeping firm above its support floor of $ 214. This represents a maximum of seven months, with the resistance token at $ 221. Maintaining this level will be crucial to shape the direction in the short term.
If the impulse fades, the Solana price could return to $ 206 or even lower, testing $ 195 as a support. This correction would be aligned with the RSI and the data signals of the address that point to short -term cooling.
On the contrary, if existing SOL holders drive demand, Altcoin could challenge the bassist signals. A rupture above $ 221 would strengthen the upward case, potentially lead Solana to $ 232 and invalidate the expectations of an imminent decrease.
