SOL’s path of least resistance tilts toward $50 but onchain data hints at a bottom

3 hours ago

SOL price looks bearish on multiple chart timefram

SOL’s path of least resistance tilts toward but onchain data hints at a bottom

SOL’s path of least resistance tilts toward $50 but onchain data hints at a bottom

SOL price looks bearish on multiple chart timeframes, leading analysts to put a short-term target on $50. Will the “extreme” state of SOL’s MVRV indicator prevent another price crash?

SOL: Price drawdown from all-time highs. Source: Glassnode
SOL/USD weekly chart. Source: Bitcoinsensus
SOL/USD two-day chart. Source: Cointelegraph/
SOL/USD daily chart. Source: Cointelegraph/
Solana MVRV extreme deviation pricing bands. Source: Glassnode
Spot Solana ETF flows data. Source: SoSoValue

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