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The manifestation of Solana is being promoted by a strong punctual demand, with retail investors and institutions that show an aggressive accumulation. Future markets are still cautious.
Solarium [SOL] He has been in a tear lately, and this time the rally is not just about exaggerated or leveraged bombs.
Galaxy Digital collected sun in large numbers this week, showing how strong the spot demand has been. Although the open interest returns near its January maximums to $ 16.5b, futures operators are still cautious.
Source: Canderlasss
That makes this movement feel more as a constant accumulation. With retail trade leading the position and the institutions that remain stable, Solana could be preparing a healthier upward trend.
Spot buyers intervise, futures remain cautious
The 90 -day Spot CVD of Solana showed a constant and persistent purchase pressure, a sign of accumulation by retail investors.
Source: Cryptoquant
In contrast, the CVD of Futures Taker has remained mainly flat; Leverage merchants do not lean very long or short.
Source: Cryptoquant
Retail participation is promoting movement, while futures markets remain balanced. This is a configuration that gives Solana’s Rally a healthier base.
Institutions choose Sol
Big Money is not maintained outside this rally either.
Just this week, Galaxy Digital bought sun worth $ 1.19 billion, adding weight behind the solar impulse driven by the point.
Source: x
Even more revealing is how constant their entrances have been; Only in the last 10 hours, they collected 325,000 Sol worth $ 78 million, after the 933,000 sunshine yesterday in just nine hours.
Institutional conviction is being built together with retail demand.
RSI stretched but the impulse remained firm
At the time of publication, Solana quoted at $ 247.25, staying close to the upper end of his recent rally.
The RSI was firmly placed in oversized territory, but did not show immediate reversal pressure signs. Meanwhile, Obv was constantly uploaded, demonstrating that the movement was backed by a strong purchase interest.
Source: TrainingView
The higher candle consistent series showed an intact bullish impulse, even when Price approached the $ 250 mark. In general, the short -term perspective of the sun remains robust, but a cooling phase is possible.
