The increase in sales on stock exchanges is coming because the whole crypto market has a choice that affects the feeling of investors. While the market is trying to maintain its dynamics, Solana could prolong her price drop.
Solana investors are preparing for sale
In recent days, digital assets have tried to maintain its ascending dynamics. This has reduced the interest of investors and started increasing the soil balance located on the stock exchanges. Now it is 31 million land, its highest level in two weeks.
If the balance of assets increases on the stock exchanges, it means that investors are more inclined to sell and send their assets from the wallet to the stock exchange. On the market crypto, this is generally perceived as a lower signal because these transfers are taking place when they intend to sell the exchange.
The fact that the balance of solana on stock exchanges reaches a 14 -day summit confirms that its investors are preparing to leave their positions while the market feeling has cooled.
In addition, the financing rate for land term contracts has become negative for the first time in more than a week, confirming the return of pressure down. According to Corcilass, it is currently at -0 0006 %.
The negative amount of funding suggests that short positions are required more than long positions.
This trend emphasizes the growing sales pressure on the Solana token and suggests a possible continuation of price drop.
The pressure increases
Due to the massive arrival of soil tokens on centralized platforms and negative financing, it creates a cautious panorama for short -term performance. If bear pressure intensifies, the price of soil could exceed $ 142.59 and drop to $ 123.49.
However, if bruises restore domination, they could cause a significant reflection at $ 171.88.
Morality of History:
Notification of irresponsibility
Notice of irresponsibility: In accordance with the Trust project Directives, this article for price analysis is intended only for information purposes and must not be considered financial or investment advice. Beincrypto undertakes to provide accurate and impartial information, but market conditions may change without prior notice. Always carry out your own research before making any financial decision and consult a professional.
