The price of Solana is close to $ 150 and the pressure pressure from the senior holders hinders the rise

Solana’s currency witnessed serious attempts to recover from her recent losses during June, but she collided with a strong obstacle, which was the senior holders of selling large quantities of the currency, and despite the presence of a new wave of optimistic investors, the price movement is still sensitive to any shifts in the behavior of these great players.

The return of senior holders to the sale

After a short period of positive accumulation, Solana’s senior investors have returned to selling again, which appears in the decline in the net possession of the possession centers below zero, and this return means that the holders who kept the currency for long periods have started to get rid of their possessions again, which is direct pressure on the price.

Since these holders have a large percentage of the total supply of the currency, any wave of sale from them is rapidly reflected on the market, and the continuation of this trend may open the door to more declines if their behavior does not change soon.

New investors show increasing attention

Despite the challenges, the data indicates a noticeable increase in the number of new addresses on the Solana Network, which reflects the entry of new investors to the market, and this growth in the number of new users is an encouraging sign of market confidence, at least by individual investors looking for profit opportunities in the coming waves of height.

This momentum coming from new users may help reduce the effects of selling senior holders, especially if the markets turn into a bullish tone.

The current price analysis and the possibility of penetration

Currently, the Solana currency is trading near $ 146 after achieving a 5.6% increase in the last 24 hours, and the price faces solid resistance at the level of $ 150, which constitutes a psychological and technical barrier at the same time.

If the market continues in the event of current fluctuation, the currency price is likely to range between 144 and 136 dollars in the coming days, and this may lead to a period of cohesion until clearer signals appear from the wider market.

If the overall performance of the digital currency market improves, Solana may be able to penetrate the $ 150 barrier, and with the installation of $ 152 as a new support level, the negative view can be considered null and open the way for a new upward movement.