Solana Hits $250 : Is a New All-Time High on the Horizon ?
Solana continues its unstoppable rise, pushing to new highs. Are long-term holders playing a trick on this bullish momentum ? Decrypting a crucial movement for the future of the altcoin.
Solana continues its unstoppable rise, pushing to new highs. Are long-term holders playing a trick on this bullish momentum ? Decrypting a crucial movement for the future of the altcoin.
Solana (SOL) continues its momentum, reaching new seven-month highs. After hitting $246, the altcoin is approaching the key resistance level at $250. This psychological threshold could prove decisive for what happens next.
One indicator worth monitoring closely is Solana’s “liveliness.” This metric has recorded a sharp increase since the beginning of the month, signaling that long-term holders (LTHs) are increasingly active with their positions. This intense activity typically translates to a profit-taking phase, as investors seek to capitalize on the recent seven-month high.
Historically, these moments when influential players realize gains create significant headwinds for Solana. Although the overall momentum remains bullish, this persistent selling pressure from LTHs could slow the rally’s momentum. Their movements have the potential to decelerate SOL’s progress and trigger a rejection around $250.
Despite long-term holder (LTH) activity, Solana (SOL) maintains room for growth. Its NUPL indicator shows that LTHs haven’t yet reached their maximum profit zone, leaving space for an additional rally.
If selling pressure remains moderate, a breakthrough beyond $250 could pave the way for testing the $260 threshold, supported by positive market sentiment. Conversely, increased selling could trigger a reversal with potential drops to $232 or even $214.
Between SOL’s sustained progress and investor movements, the coming weeks will be crucial. Breaking through $250 will be decisive and could offer excellent opportunities for altcoin enthusiasts.
Solana (SOL) is currently trading at $244.09 and continues to attract institutional investors’ attention. Seize this bullish momentum before the token aims for new all-time highs.
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