$SOL : Local growth or a trap for bulls? 📈
Let's look at the Solana chart: we currently have a pleasant +4% and a price around $105. Purchase volumes have increased, and on the short time frame, we look quite confident.
However, if we peek into the "trading data," the situation is ambiguous:
The net inflow of large players over the last 5 days is consistently in the negative (-2.01M SOL).
Large sell orders still outweigh buy orders.
This could be a local bounce after a prolonged decline (remind you, we are still at -51% for the year). Until the whales start accumulating, betting on a bull run is premature. We are waiting for a consolidation above $110 to talk about a trend reversal.
What do you think? 👇
