Solana Price Forecast: $80 SOL Level Looks Worrying – But “Smart Money” Says This Could Be Lower


The sale of SOL near $80 has caused traders to worry, but the “smart money” is moving – is this too low? Solana price prediction The picture explains it.

Even long-term speculative traders are following suit SOL When it comes down to $80It seems that the “smart money” is increasing its bets on… Bullish Predictions for Solana.

The altcoin lost its important base after breaking the historical support $100the level that represents the “absolute” bottom in the last two years.

Last week’s violent sales have all the features of… Capitulation. As he used to do The tenth major elimination event The crypto market needs to be deregulated Encourage Increases, forces random sales, and temporarily pushes SOL $67 You are moving fast and compact.

Now, the price seems to be settling around Application area when $80. Although this level doesn’t have as much support as it used to have $100“Smart money” must have already rewarded him A vote of confidence.

SOL/USD 1-Day Chart – The $100 level fell to form a new level at $80. Source: TradingView.

Since December, investors have continued to buy in conjunction with the decline, increasing the average 5 million SOL It is a price of approx $455 million. This is still seen as an advantage “Buy on the dip”.

This method of integration is very important when reading a ratio Market Value to Realized Value (MVRV) when 0.65This is an extreme level that is considered the lowest on average Two and a half yearswhich effectively places SOL within it Cost reduction.

Solana’s Market Value to Realized Value Ratio (MVRV). Source: Glass node.

It shows a small percentage MVRV Until now 1 Most of them are in an impossible situation (in the water). And selling now means Getting big losses In fact, making HODLing easier.

Increasing bets and collecting in such cases is a clear evidence of … To be satisfied It can be mean Possible down.

Solana Price Forecast: Do “smart funds” have a different opinion?

There is a strong technical basis for potential downside, as the recent decline led to the end of the pattern Head and shoulders down An extension of two years.

However, the first signs show signs of… Dealer fatigue.

1-Week SOL/USD Chart — 2-Year Top and Tested/Expected Shoulder Pattern. Source: TradingView.

The last time he arrived RSI Weekly RSI to reach 30 As for the volume of sales, this was in line with the decline in previous trends and changes in many of its sectors.

Even the filter event returned a pointer MACD In the background, the past months show the events pressure to A golden cross Above the mark line.

The bullish momentum has been building for some time, and it is holding a level $80 Like Starting platform To free him.

It will deal with any initial jump Neck line For model no $105That is, almost high 30% from current standards. Restoring this level as a “high and strong” support can provide fuel for further progress.

As market sentiment clears up and attention begins to refocus on fundamentals, the move could continue to record highs. $300equivalent to the value of approx 270%.

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A note Solana Price Forecast: $80 SOL Level Looks Worrying – But “Smart Money” Says This Could Be Lower appeared for the first time Cryptonews Arabic.



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