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Solana Sees Renewed Demand As Capital Flows Turn Positive – Details

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Solana Sees Renewed Demand As Capital Flows Turn Positive – Details - NewsBTC

Quick Summary:

Related Reading: Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details Solana Finds Support Above 200-EMA But Faces Resistance Near $181 Solana is currently trading at $170.48 after a sharp pullback from the recent local high near $184.

However, conflicting views persist, with several traders cautioning that Solana may be overheated in the short term following its recent surge.Related Reading: $1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal Supporting the bullish narrative, new data from Glassnode shows that Solana may be undergoing a trend reversal.

This move signaled strength but was quickly met with selling pressure just below a significant resistance zone near the $185 level — the same region where multiple failed attempts have occurred in the past.Despite the recent 3.5% daily drop, the price action remains bullish as long as SOL holds above the 200EMA.


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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 23:30:49 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 656 words

Reading Time: 4 minutes read

Sentences: 69 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28736266

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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