- Despite the recent profits, the $ 143 resistance was not infringed.
- Steady purchase pressure with Brizing News gives investors a faith.
In the competitive chain, the increase in liquidity bridging for the Solana (SOL) network showed the user’s trust in the network.
Over the past month, $ 120 million in liquidity flow was good news for the bull. Of these, $ 41.5 million came from Etherrium (ETH), and the second largest inflow against the SOL measured $ 37.3 million in Arb (Arbitrum).
This inflow was at the lowest point of last week that Solana Native Memecoins, such as Popcat, helped rally. Solana itself has weakened for one day, but it meant that this can soon change if the purchase pressure increases.
The following is the reason why $ 143 is the core
Source: TradingView SOL/USDT
In recent analysis, Solana has been pointed out that despite the last 10 days of profits, the daily chart maintained its weak market structure. The lowest of $ 143 is not yet broken.
But exceeding $ 120 meant that the low time chart was more powerful.
OBV has risen over the last 10 days to create a new height from March. OBV recently tried to challenge the best in January, a sign of strong purchase pressure.
In addition, SOL’s RSI turned over the level 50 level and showed optimistic propulsion during this period.
Source: COINGLASS
The $ 150- $ 160 area was a short-term price target for liquidity cluster overhead. The $ 140 area was also a strong area of $ 140 than the Solana market price.
In the south, the $ 123 area was also attractive, and it was an attractive goal because there was almost $ 5 billion in liquidation around it.
This is the level of support, depending on the level of support, and the $ 120- $ 130 area is indicated as an accumulation area.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.