Solana Metrics Shifting: Realized Cap Steady Outflows Slow Down As Market Sen...
After surging significantly in the last few days, Solana, one of the leading digital assets, is slowly facing growing bearish pressure, raising concerns about an extension of the recent pullback to key support levels. Solana’s price may be declining, but the market continues to show strength as several crucial on-chain metrics are starting to turn […]
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Digital asset investment products have experienced a second consecutive week of outflows, but Solana looks to be bucking the trend. Notably, last week was full of outflows from cryptocurrency-based investment products, amounting to a substantial $726 million. The outflows were heavily concentrated in two of the largest and most prominent cryptocurrencies, Bitcoin and Ethereum, which […]
On-chain data shows Solana is hovering around its Realized Price right now, a level that has historically served as the boundary for major trend shifts. Solana Has Plunged To The Realized Price Recently In a new post on X, CryptoVizArt.₿, senior analyst at the on-chain analytics firm Glassnode, has discussed about the Realized Price of Solana. The “Realized Price” refers to an indicator that, in short, keeps track of the cost basis of the average investor or address on a given cryptocurrency network. Related Reading: Don’t Call Bitcoin Bottom Just Yet, CryptoQuant Head Says:....
Solana has staged an impressive recovery, surging over 14% from its recent local lows, showcasing resilience after a period of correction. This renewed momentum has reignited investor optimism, positioning Solana as a standout in the crypto market. Key metrics from Glassnode further bolster this sentiment, revealing that Solana has consistently maintained a positive net capital inflow since early September 2023. While minor outflows were observed, the overall trend underscores sustained interest and confidence in the project. Related Reading: XRP Whales Keep Buying – Data Reveals Smart....
Data shows XRP and Solana have seen their Realized Volatility spike up after the sharp price action. Here’s how Bitcoin and other coins compare. Assets Across Crypto Have Seen An Increase In 60-Day Realized Volatility In a new post on X, the analytics firm Kaiko has shared how the 60-day Realized Volatility has changed recently […]
Solana’s price action has shown some sort of resilience in the past few days while much of the cryptocurrency market turned red. After surging past $210 to reach as high as $218 on August 29, SOL briefly dipped below $200 but quickly stabilized, outperforming major large-cap assets such as Bitcoin, which has been locked in a decline since August 14. This has put Solana in an interesting position, and technical analysis shows its correction phase is constructive and could prepare the token for another breakout. Related Reading: A New Vision For Money: Hoskinson Predicts Bitcoin Will....