Compass Investments

$SOL

Solana price falls below $ 200 - what are the prospects?

- Solana price fell below $ 200 amid a surge in Viability, indicating sales by long-term holders and adding to downward pressure on the price.

A drop of 1.4 million new addresses in 48 hours indicates weakening interest from new investors, undermining Solana's market momentum.

#SOL is trading at $ 187; a break below $ 176 could #compound losses, while a return to $ 188 could open the way to $ 201 if market conditions improve.

#Solana (SOL) recently tried to break above $ 200, but failed as investor sentiment changed. After briefly rising above that level, the altcoin was unable to sustain the momentum.

Solana's price is now in danger of falling further due to the deteriorating market situation and changing investor behavior.

metric "Livability" has shown a sharp increase over the past 12 days, reaching a one-month high this week. Liquidity measures the movement of long-term holders (LTH), and when it rises sharply, it tends to signal selling activity.

This is currently happening with Solana as many LTHs are selling off their packages. Given that LTHs have a significant impact on price dynamics, this selling pressure is contributing to the decline in value. Large-scale sales could add to the downward pressure, making it difficult for Solana to recover in the market.

Solana's macro dynamics are also showing signs of weakness. The number of new addresses has reached a one-month low, and the daily new address creation rate has dropped significantly. Over the past 48 hours, the number of new Solana addresses has decreased by 1.4 million, indicating a lack of interest from new investors.

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