Solana had to face increasing sales pressure and a negative feeling while the wider market of coins continues to decrease, which has an impact on overall market performance. Analysts suggest that excessive speculation on the same parts is one of the main reasons why altcoins, including Solana, are underperforming compared to bitcoin. The nature focused on the overhaul of these tokens has led to extreme volatility, which makes investors more cautious about exposure to Altcoin.
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The same parts are now considered a risk factor for Solana’s ecosystem. A recent carpet traction involving Balance, a piece of memes approved by Argentine President Javier Milei, has intensified concerns among investors. This incident has shook confidence in the network, because it highlights the dangers of speculative trading and potential scams within the Solana ecosystem.
Consequently, Sol fell by 10% in last week and remains down 40% compared to its January peak, signaling a clear trend in the drop in momentum. In addition, commercial volumes on decentralized scholarships (DEX) have decreased considerably, reflecting an increasing hesitation in investors. Solana and The market is confronted at a critical momentAnalysts looking closely if the network can recover damage caused by speculation on the part or if an additional drawback is expected.
Solana between a crucial phase
The Euphoria East Coin which fueled the overvoltage of Solana prices for months is now disintegration, exposing the network to increased volatility and uncertainty. Although Solana benefited from the speculative boom of coins, it was only a matter of time before the very speculative market was to face reality and begins to create problems.
Axel Adler cryptographic analyst Shared an analysis on Xwarning that the pieces even actively harm the long -term sustainability of Solana. The most recent example is the Raule Pull balance, a piece of memes which has gained ground because of its association with the president of Argentina, Javier Milei, to collapse, leaving investors in losses. This event increased investor concerns and accelerated the sales pressure on Solana, which dropped 10% in last week and 40% compared to its January summit.
Beyond the price action, the decentralized negotiation volumes of Solana (DEX) also took a hit, lowering 25% last week, while the Raydium Dex experienced a drop of 47%. This decrease indicates a weakening of investor confidence in the Solana DEFI and commercial ecosystem.
Adding to the concerns on March 1, 11.2 million floors will be unlocked – these tokens, initially sold during the bankruptcy of FTX, were then acquired by major companies like Galaxy, Pantera and Figure. This great unlocking of tokens could put pressure on the price if these companies decided to unload their assets.
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With the cooling of speculation on the same part, Solana is now faced with a crucial test: can it resume the confidence of investors and stabilize, or will it be more down, as the sale pressure Intensifies? The coming weeks will be essential to determine the capacity of the network to recover from this slowdown.
Soil holding a crucial request
Solana (soil) is traded at $ 184 after losing the 200 -day exponential mobile average (EMA) around $ 190, reporting an increase in sales pressure. The price is now testing the 200 -day simple mobile average (SMA), a long -term crucial level of support that bulls must defend to avoid more decline.
If the bulls do not hold the 200 -day SMA, a massive correction could follow, potentially pushing the soil in lower demand zones around $ 175, or even $ 160. The feeling around soil remains fragile because speculation on the play even continues to fade, causing Solana’s ecosystem with.
For the bullish momentum to return, Sol must recover the level of $ 190 and push over the psychological brand of $ 200 as soon as possible. A rupture and a maintenance above $ 200 would confirm a short-term reversal, helping soil to regain strength and potentially target higher supply levels between $ 220 and $ 230.
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However, the non-rebound in current levels would indicate other risks downwards, with more liquidation and sales pressure likely to follow. Given the negative feeling surrounding the pieces even and the unlocking of tokens to come, Sol is at a critical inflection point, where its next movement will determine the management of the short -term market.
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