Solana escapes the wave of sale .. Was the price recovery approaching?

The Solana (SOL) has witnessed a state of fluctuations in the past weeks, as its repeated attempts to overcome the resistance levels failed despite the ongoing efforts to pay the price upward.

However, it is noteworthy that currency holders have not been dragged behind the sales waves, indicating strong confidence among investors in the future of the project.

Investors continue to keep and accumulate

At a time when the market suffers from a general weakness of currency movement indicators on platforms, investors are heading to accumulate, not selling.

During the past three months, the data has witnessed only one case in which the sale exceeded the purchases, which highlights a change in investor behavior towards a long -term look.

This trend reflects the conviction that Solana has the ingredients for growth despite the current situation. Instead of liquidation, many prefer to keep their militia, which enhances the opportunity to restore momentum if market conditions improve.

Network indicators support positive behavior

Besides investor behavior, data on the network appears as a promising direction as well, as the market value index continues to the volume of transactions (NVT) in the Solana Network, which is a positive signs.

The decrease in this indicator means that the value of the network has become more consistent with the activity of transactions, which indicates that the currency is not exaggerated in its evaluation.

When the NVT index decreases, this enhances growth opportunities, as it indicates a balance between actual use and the value of market origin, which gives the impression that there is a realistic basis that supports future price movements.

Does the price bounce of critical support?

Solana’s price is currently trading at $ 146 conservatively on his position above the main support level at $ 144, which played an important role in repelling the decline during the current month, and the continuation of cohesion above this level is a positive sign, especially in light of the challenges of the broader market.

If the currency succeeds in maintaining this momentum, the road may be paved to target the resistance at $ 152, with the possibility of the rise to $ 161 later.

This scenario remains unless the purchasing power will decrease and the selling pressure that if increased may pay at the price below $ 144, and at that time Solana may land to about $ 136, which will nullify the current positive view.