Solana Eyes $200 as Buyers Dominate Futures Market
Key Takeaways
Solana (SOL) is currently entering a crucial phase. The price is approaching the resistance level of 180 USD – a threshold that has previously halted upward movements on several occasions. However, this time, multiple indicators point toward a potential trend reversal. Both capital inflows and buying activity in the futures market suggest a continuation of the upward trend. If the resistance is broken, a rise to 200 USD is conceivable.
Capital Returns: Positive Realized Cap Inflows
According to data from Glassnode, Solana is experiencing positive Realized Cap inflows for the first time in months. Specifically, these inflows have increased by approximately 4 to 5 percent over the past 30 days. The Realized Cap measures the total value of all coins at the time of their last movement – an indicator of actual capital movement. Positive inflows suggest that investors are regaining confidence in SOL and are reintroducing capital into the market.
Futures Market Shows Clear Buyer Dominance
The derivatives market is also showing positive signs for Solana. The 90-day metric “Cumulative Volume Delta” (CVD) in the futures market indicates a period of taker-buy dominance. This means that buyers are willing to pay higher prices to enter the market immediately. This development is often interpreted as a sign of increasing demand and bullish expectations. Combined with capital inflows, this forms a solid foundation for potential price gains.
Resistance Zone at 180 USD in Focus
After a month of continuous price increases, SOL is now testing the resistance zone around 180 USD. This zone has proven to be a persistent hurdle in the past. However, if a sustained breakout occurs this time, it could pave the way for a move toward the psychologically important 200 USD mark.
Key Factor: Strength of Demand
Whether Solana can break through the 180 USD level will primarily depend on sustained demand. If capital inflows remain stable and buyers maintain their dominance, a breakout toward the 200 USD range is realistic. However, if demand weakens, the price could once again fail to overcome the resistance zone.
Our Assessment
Current data indicates a positive outlook for Solana. The return of capital to the market and clear buyer dominance in futures trading are strong signals. Nevertheless, the resistance at 180 USD remains a critical point. Those who are invested in SOL or considering an investment should closely monitor price developments in the coming days. A breakout could open the door to new medium-term price targets – provided that demand remains strong.
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