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Solana has struggled to recover after the recent price decline, as SOL remains below the $130 resistance. The altcoin has shown attempts to stabilize, but momentum remains fragile.
Unlike previous demonstrations that were driven by new inflows, the next move seems to rely on existing Solana holders rather than new market entrants.
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Some Solana wearers show stiffness
The series data shows the first signs of stabilization. Chaikin’s fund flow has seen a sharp rise in recent days. Although the indicator is still below the zero line, the upward movement indicates that capital flows are slowing down.
This change is crucial to Solana’s prospects for recovery. A decrease in outflows often precedes a shift towards inflows. When buying pressure exceeds selling pressure, price SOL can answer coming soon. The continued improvement in CMF indicates a return of confidence among current holders.
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Macro indicators present a more cautious picture. number decreased Solana’s new addresses strong in recent sessions. New addresses fell from 6.077 million to 5.390 million, a drop of 11.3% in ten days.
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Low participation in the network indicates a weak interest in speculation. New investors appear hesitant, citing limited short-term incentives. This lack of new demand places more importance on existing takers to support price stability and any recovery attempts.
Refunds of the price in the final period are possible
Solana is trading near $126 at the time of writing, while remaining below the resistance level of $130. The price action shows a rally rather than a breakout. The immediate target for SOL It recognizes $130, which represents a change in short-term momentum.
Reduced flows increase the likelihood of a rebound. If existing holders continue to accumulate and flows appear, buying pressure could lift SOL towards $130. A sustained move above this level requires continued support rather than short speculative rallies.
Downside risks persist if sentiment deteriorates. It can send a renewed sale Solana below Support at $123. A break at this level could reveal $118 as the next downside target. Losing this support will invalidate the bullish outlook and reinforce short-term weakness.
