SOLANA (SOL) Price ranges at about $ 200, and market capitalization is trying to restore $ 100 billion and a daily trade volume of $ 4 billion. Meanwhile, the number of KIT Kits decreased after reaching a record maximum on January 25, on January 25, is currently at 5,067.
This shift in whale activity, combined with a weakened force in DMI and narrowing of EMA lines, suggests that SOL is in a critical point, and both bull and bear scripts are still in the game.
Solana whales fall after reaching a record high level
The amount of Solan Whales addresses, which contain at least 10,000 SOL-sprouted the peak in a record high level 5167 January 25, before starting a decrease. Despite the fact that on February 4 a brief recovery occurred to 5131, this number continued to decrease, currently 5,067.
The monitoring of the activities of these large holders is crucial, since whales often play a key role in market trends. Their accumulation can signal the trust and potential price increase, while a decrease in whale addresses may indicate a distribution, increasing the risk of sales pressure.
Although the current number of whales remains relatively high compared to historical levels, it approaches its lowest point last month. This suggests that some large holders can reduce their impact, which can lead to volatility if the trend is accelerated.
Nevertheless, the total number is still increased, which means that there is a significant presence of a whale on the market. Whether this trend will continue or stabilized, will be a key factor in determining the next main movement of Solan.
SOLANA DMI shows that the pressure on the sale is reduced, but the pressure on the purchase remains weak
The Solana DMI diagram shows a sharp decrease in trend strength, and ADX drops to 13.5 from 31.5 over the past three days. ADX, or the average direction index, measures the strength of the trend, and the indications of more than 25 usually indicate a strong trend and values below 20, which indicates a weak or non -existent pulse of the trend.
With ADX, it is now much lower than 20, it signals that the recent trend of Solan has significantly lost force, leaving the market without a clear directed bias.
Looking at the indicated indicators, +di at 20.9 and hesitated between 19 and 23 over the past two days, and -DI fell from 27.8 to 17.2. This suggests that the bear pressure decreased significantly, but the bull impulse did not strengthen enough to establish a clear upward trend.
With a converging and ADX at very low levels, Solana is currently in the consolidation phase, and not a decisive trend. Until a stronger directed move appears, Sol Price can continue to bargain, waiting for the catalyst to determine his next step.
SOL price forecast: Solan in the near future will check the resistance of $ 220?
The SOLANA price diagram indicates that its EMA lines narrow, which indicates a reduction in the impulse and the absence of a clear trend. If the bull impulse returns and develops the upward trend, SOL Price may first check the resistance level of $ 220.
The breakthrough above this can cause further profits, potentially increasing the price to $ 244, which is the highest level from the end of January.
On the other hand, if a descending trend appears and strengthened, SOL Price can re -check its key support of $ 187. A break below this level will set the price for further deficiency, with potential to fall to $ 176, which will be 12.5% of the correction.
This scenario indicates that the sellers have gained control by increasing the likelihood of continuing the bear movement. Since the EMA lines are still converging, the market remains unresolved, and the next step will depend on whether leading buyers or sellers take.
