Solana (SOL) Price Prediction for February 2025
In the mood of the market, the Aboriginal Sol (SOL) of the Sorana blockchain has attracted great attention from encrypted enthusiasts due to the recent price decline. As of February 2, 2024, as of today, the price of the entire cryptocurrency market has decreased significantly. Nevertheless, SOL has reached a vital level of support and has an impressive price reversal history.
Sol worth $ 100 million
In view of the historical price momentum, long -term holders and investors have been accumulating tokens, as the chain analysis company reports Small shopEssence Data from spot inflows and outflows show that in the past 48 hours, exchanges have seen SOL token worth more than $ 100 million.
The outflow of communication shows potential accumulation and given the current market emotions, this seems to be an ideal purchase opportunity. It may produce purchase pressure and trigger further rising rally.
However, traders in the market seem to be moving in the opposite direction of encrypted whales because they seem to be using the current market emotions.
Dealer
Data show that short -selling people bet in the short position. According to data, $ 236.30 is a level of excessive leverage for short -selling people, holding a short position worth $ 175.5 million. At the same time, $ 223 is another level of leverage. The Bulls have an open position worth $ 46 million.
In combination with these data, it seems that investors and long -term holders are betting on long -term income and regarding them as opportunities, which explains the recent potential accumulation. At the same time, short -selling as if short -selling is used to bet on short -term returns.
Current price motivation
solid The current transaction price is close to $ 224.15, and the price has fallen by 3 % in the past 24 hours. During the same period, its transaction volume fell by 20 %, compared with the previous day, traders and investors’ participation rates decreased.
Solana (SOL) technical analysis and upcoming level
According to the technical analysis of experts, although San Francisco has been accumulated recently, SOL seems to see a bullish because it has formed a daily pour cup and handle mode, and it is expected to collapse the neckline.
According to the recent price action, if SOL violates the neckline and close the daily candle of less than $ 220, then SOL is likely to witness the price decrease of more than 14 % to reach the next support level, $ 190.
However, only when the daily candles below the neck of the SOL can be established can this loser paper be established. Otherwise, it may fail.
