- Major technical indicators, including cumulative volume delta (CVD) and funding rates, indicate negative market sentiment.
- The approval of Solana ETF (85%) can be a long -term catalyst for price recovery.
In the world of Cryptocurrencies, which is rapidly evolving, Solana (SOL) is now weak, so it is making a headline and the price reflects strong sales pressure from $ 200 to $ 187.99.
Major technical indicators, including cumulative volume delta (CVD) and funding rates, indicate negative market sentiment. In addition, the 32.54 relative robbery index (RSI) continued to go down exercise.
Does SOL restore or continue to go down traces?
Solana: optimistic hope or weak reality?
AmbCrypto’s appearance on the price trend showed a well -defined weakness pattern. From January 31 to February 3, SOL has continued to form a low high and low lowest level, which is a classic sign of weakness.
Source: X
The recent price movement is from $ 200 to $ 187.99, and the rebound after that is $ 196.93, but it is not a complete reversal.
In addition, the formation of a descent triangle continued to signal integration, and there is a risk of additional $ 138 unless the support level of $ 191 is not maintained.
Therefore, without a strong catalyst, the sol is in danger and is vulnerable to additional losses.
What is SOL?
Some indicators have strengthened their views on Solana.
The cumulative volume delta (CVD) of the 30 -minute chart shows the value of -764,722k ~ -786,138K to confirm the dominant sales pressure for purchasing activities.
Source: COINGLASS
The financing rate of -0.0170 showed a market that prefers short positions when expected to fall further.
The RSI of 32.54 is not in the overburped area, but emphasized a continuous weakness that has a slight reversal when the buyer enters the main support level.
The volatility index of 236.03 showed significant price fluctuations, making the SOL unpredictable. Therefore, if the SOL does not have $ 191, it can lead to $ 138 due to volatility, which can strengthen continuous instability.
Can SOL ETF change the game?
The approval of Solana ETF (85%) can be a long -term catalyst for price recovery. Institutional investment through ETFs often stabilizes the market by improving liquidity and demand.
However, given the current weakness, ETF alone does not cause immediate pricing reversal, but rather lays the foundation for future growth.
Read SOLANA’s (SOL) price forecast 2025–2026
Finally, SOL is in a clear weakness as its strong sales pressure and volatility increases.
ETF approval shows long -term growth potential, but current technical indicators suggest more disadvantages before sustainable recovery occurs.