Solana’s price is currently holding strong near the $130 level, based on both technical charts and onchain activity. This could signal a temporary bottom before a potential surge towards $200. 📈
Onchain data, such as wallet activity, transaction volume, and reduced exchange deposits, suggests that core Solana users remain engaged, even amidst the recent price volatility.
Several technical indicators indicate a possible bullish reversal for SOL:
– The $130 level may act as a short-term bottom.
– Trading around this level could pave the way for a return to the $200 range. 🚀
While broader market trends and Bitcoin’s movement will play a role, Solana’s DeFi and NFT ecosystems remain strong, which could provide fuel for further growth. Investors are advised to consider both technical and macroeconomic factors before making investment decisions.