"Solana, short-term flow depends on retail investors…Whether breaking 245~250 dollars is important"
Summary
- It said Solana's short-term flow depends on whether retail investors regain confidence.
- It stated that even a short-term correction to 210~218 dollars would not weaken the bullish structure.
- It reported that if Solana breaks the 245~250 dollars range, there is a possibility of challenging the previous high of 290 dollars.
An analysis said Solana (SOL)'s short-term flow depends on whether retail investors regain confidence.
On the 4th (local time), Cointelegraph analyzed, "Solana's short-term flow depends on whether retail investors regain confidence. Even if it undergoes a short-term correction to 210~218 dollars, this is a fair value gap (FVG) and a 200-day exponential moving average (EMA) reconfirmation zone, so it would not weaken the overall bullish structure."
It was also suggested that if Solana breaks the 245~250 dollars range, it could attempt to challenge the previous high of 290 dollars. The outlet assessed, "Leverage participation by retail investors is low, limiting the risk of a sharp drop, and an increase in institution-led open interest is supporting the uptrend."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)