![Why Solana’s [SOL] recent gains might be undercut by this metric’s findings](https://i.headtopics.com/images/2023/1/30/cryptoamb/why-solana-s-sol-recent-gains-might-be-undercut-by-why-solana-s-sol-recent-gains-might-be-undercut-by-1620158410158219266.webp)
‘Overvalued’ Solana’s indicators seemed to indicate the arrival of market bears On the contrary, SOL’s demand across the derivatives market increased TK Ventures and CoinWire’s data revealed that Solana [SOL] is now the most overvalued blockchain. This was determined using the market capitalization/TVL metric. When a network’s market cap to TVL ratio is above 1.0, […]
’s data revealed that Solana’s total sales value in the last seven days was 27.52 million – 27% lower than the figures for the previous week. Interestingly, despite the fall in sales, the total number of transactions rose last week.SOL’s on-chain metrics also raised alarm bells as they too looked to align with the sellers’ interest.
Positive sentiments around Solana fell over the past week, reflecting the investors’ lack of trust.’s price from going up in the coming days. Nonetheless, SOL’s demand in the Futures market increased as its Binance funding rate spiked. The network’s development activity also hiked, which by and large is a positive signal.Subscribe to get it daily in your inbox.
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Solana [SOL] blocked by a short-term supply zone – Can bulls bypass it?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion SOL was in a neutral structure on the three-hour chart. The Funding Rate remained positive despite a slowed development activity. Solana [SOL] swiftly went from $20 to $25 on Friday, 20 January. Afterward, a […]
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