Solana Sell Pressure Builds as Exchange Inflows Rise—$77 Is the Line
BeInCrypto
Solana faces increased selling pressure due to rising exchange inflows and short-term holder profits, risking a drop below the $77 support level.Summary
Solana (SOL) is consolidating between $77 and $87, but bearish indicators suggest a potential downturn. Concern stems from rising unrealized profits among Short-Term Holders (STHs), who are likely to sell, increasing selling pressure. This is compounded by a consistent rise in exchange inflows over the last four weeks, signaling increased selling activity, while Long-Term Holders (LTHs) show less profit stabilization. A bearish flag pattern suggests that if SOL breaks below the critical $77 support level, it could crash by up to 38%, potentially reaching $51. Conversely, breaking resistance at $88 and $96 would invalidate this bearish outlook and target $100.
(Source：BeInCrypto)