
Recent data indicates a significant shift in Solana (SOL) ownership dynamics, with 6-12 month holders now controlling 27% of the supply. This change comes as 1-2 year holders have dramatically decreased from 48% to under 5%. The price of Solana experienced volatility, peaking at $264 during a rally dubbed the 'Trump pump,' but has since fallen below $240. Open Interest (OI) in Solana has also declined from a peak of $6.05 billion to $5.16 billion, suggesting increased short positions in the market. Despite these fluctuations, analysts are optimistic about Solana's potential, with some predicting a bullish accumulation that could lead to a price rally towards $290 or even $300, supported by technical indicators such as a bull flag formation. The current trading price is around $220, with a realized price of $133.34.
SOLANA’S BULLISH FRACTAL COULD BE A $300 BREAKOUT SOL’s been slacking, but hold up—the bull flag it’s repeating from January might just launch it to $300! It’s been stuck in this downtrend, but with the RSI resetting and testing support levels, things are looking wild. Throw… https://t.co/KRNhPzUWMC
Let $sol rip to $300 now
SOLANA’S BULL FLAG SUGGESTS POTENTIAL $300 RALLY Solana’s current price action reflects a historical fractal pattern that mirrors a bull flag formation from January 2024. Analysts are eyeing a potential rally to $300, with key technical indicators, including a retest of the… https://t.co/CxXEB2fFWI














