key takeaway:
Sol (Fifth note of musical scale) After the formation of a recession, the daily chart projects the approach of a recession, and if the trend occurs, the sole price may fall to $ 120.
On the 1-day time limit, the Sol shows a head-end-shielder pattern, which is a reversal indication of a recession. A breakdown below the $ 140 neckline level confirmed by a volume spike may lead to the continuity of a recession.
The negative target from the head-end-shoulder pattern is around $ 126, supported by the immediate liquidity region. However, the daily demand area is lined by the order block between $ 95 and $ 120 (yellow box), which may be tested in the next few weeks.
The recession pattern for the sole can be invalidated if the price is closed a daily closure above the $ 157 resistance level. However, Sola The entire quarter has shown a strong relationship with bitcoin. With the BTC potentially rebuating support near a level of $ 100,000, an increase in sales-side pressure can lead to further improvement.
Related: Sol Price Rally to $ 200 Brooking, but 3 major catalysts must be first
Onchain data supports Solana recovery.
Despite the approach of a recession, onchain data for Solana depicts a rapid picture. According to Glasanode, the network value to transaction ratio (NVT) has fallen below 10, its lowest score since February 2025. This suggests strong network usage relative to its market value, a major indicator of long-term capacity, despite the fluctuations in the price of Sol under $ 150.
Additionally, the Exchange Net Position Change Chart revealed frequent solcaries from the exchanges, a trend that has recently started growing again (ie, Sol is going back to exchanges). This indicates the confidence of the growing investors, as placing the sol of exchanges often accumulates for future benefits. The data shows a significant net outflow with peaks of -4.6 million soul on 28 May, followed by a recent deposits in the recently deposited, which corresponds to the current dip of the value.
While the price of Solana has faced instability, onchain metrics suggest underlying strength, falling from high levels of $ 295 in early 2025. Standing NVTs and rising exchange outfits highlight strong network activity and investors, overched the short -term value effects.
Related: Canada Sol Strategies Files with SEC for list on Nasdaq
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
