Solana Sees First Major Inflow in February, Aims To Stay Above $200

2025-2-10 12:30

Solana has been on a downward trend, shedding nearly 20% of its value since closing at $252.42 on January 19. 

However, a rebound may be underway as the coin records its first spot inflow in February, signaling renewed investor interest. This analysis has the details. 

Solana Bulls Attempt a Comeback

According to Coinglass, SOL’s spot market inflows reached $16 million on Monday, marking its first major inflow in 10 days. This renewed buying interest comes as SOL attempts to hold above the key $200 level.

SOL Spot Inflow/Outflow. Source: Coinglass

Spot inflows often signal investor confidence or a potential positive shift in market sentiment toward the asset. When an asset experiences spot inflows, it means an increase in the purchase of that asset in the spot market, where transactions are settled immediately. 

Therefore, this trend suggests a rise in demand for SOL, as its buyers are willing to acquire it at the current market price. 

Furthermore, the coin’s positive Balance of Power (BoP) confirms this resurgence in SOL’s buying pressure among market participants. At press time, the momentum indicator is at 0.23, reflecting the accumulation trend. 

SOL BoP. Source: TradingView

The BoP measures the strength of an asset’s buyers against its sellers by comparing price movements within a given period. A positive BoP indicates buyers are in control, suggesting upward momentum and potential price appreciation.

SOL Price Prediction: Holding This Support Could Spark a Rally

On the daily chart, Solana tests a key support zone formed at the lower boundary of an ascending parallel channel it has traded within for several months. 

Holding this level is crucial, as maintaining support could reinforce its current bullish momentum and strengthen the ongoing uptrend. If SOL stays above this support, it may attract further buying interest and push toward $258.66. 

SOL Price Analysis. Source: TradingView

However, a break below this line would signal weakening momentum, potentially leading to a deeper pullback to $113.88.

The post Solana Sees First Major Inflow in February, Aims To Stay Above $200 appeared first on BeInCrypto.

origin »

Solana (SOL) на Currencies.ru

$ 133.54 (+0.26%)
Объем 24H $2.001b
Изменеия 24h: -0.21 %, 7d: -2.10 %
Cегодня L: $132 - H: $133.54
Капитализация $74.869b Rank 7
Цена в час новости $ 204.67 (-34.75%)

200 inflow major solana stay above february

Источник: beincrypto.com

200 inflow → Результатов: 9


Mammoth $200M Bitcoin single-day inflow to exchanges mirrors key 2023 moments

Quick Take Yesterday, Oct. 11, exchanges noted an inflow of around 8,000 Bitcoins, equating to approximately $200 million, signaling a significant shift in crypto market dynamics. Most of these transactions ranged from $1M to $10M, suggesting that ‘whales’ or large-scale investors were likely active, particularly as Bitcoin’s price fell below $27,000.

2023-10-12 14:30


Фото:

Here’s How Low One Analyst Expects Bitcoin to Plunge in the Mid-Term

It has been a rocky past few days for Bitcoin, as the benchmark cryptocurrency dropped as low as $11,100 following yesterday’s surge to highs of $12,200 This weakness came about in the form of a slow descent down to $11,700, which is the point at which it incurred a massive inflow of selling pressure Bulls were able to defend its $11,100 support, and where it trends next may depend largely on whether or not it […]

2020-9-3 02:00


Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why Solana’s Latest Uptrend Could Be a Bear Trap

Solana’s rally shows cracks as liquidity weakens and network demand drops. While bulls eye $253.66, fading strength risks a drop to $205.02. The post Why Solana’s Latest Uptrend Could Be a Bear Trap appeared first on BeInCrypto.

Solana Set to Break 4-Year September Win Streak as Network Activity Slumps

Solana faces mounting bearish pressure as network activity declines, putting its four-year September win streak at risk. Support levels may be tested if sentiment fails to rebound. The post Solana Set to Break 4-Year September Win Streak as Network Activity Slumps appeared first on BeInCrypto.