logo

Solana faces major battle at $180 resistance: Can SOL rewrite history?

By: ambcrypto|2025/05/16 15:45:05
0
Share
copy
Solana capital inflows are returning as its realized cap outflows fade. SOL is testing the $180 supply zone, with a breakout potentially pushing it toward the $200 psychological level. Solana [SOL] has started flashing bullish signals again after months of outflows. A closer look at on-chain data shows that capital is returning. According to Glassnode, SOL’s 30-day Realized Cap inflows flipped positive, now growing by 4–5%. This places SOL alongside XRP in terms of recovery strength. The return of capital inflows typically comes ahead of renewed demand and interest, which is needed for long-term price appreciation. Source: Glassnode Positive Futures data reinforces bullish outlook Supporting positive capital inflows was the 90-day Cumulative Volume Delta (CVD) for Futures markets. It indicated a Taker Buy Dominant phase for SOL, according to a closer AMBCrypto analysis of CryptoQuant’s Futures data. This metric reflects growing buyer conviction. When buy volume leads over time, it usually signals strong upside expectations from traders. In SOL’s case, the CVD uptrend paired with recovering realized cap inflows gives SOL a solid base for potential continuation in its recent uptrend. Source: CryptoQuant SOL tests $180 supply zone after month-long rally SOL tested a key supply zone around the $180 level on the daily chart at press time, following a month of steady gains. This zone has historically capped further price advances and serves as a strong resistance level. However, the recent shift in capital inflows and growing buyer dominance could invalidate this supply zone, potentially paving the way for a rally toward the $200 psychological level. Source: TradingView Rally to $200 hinges on demand strength If bulls sustain the buying pressure, SOL can negate the $180 supply zone and explode for another surge towards the $200 psychological price level. But for now, all eyes are on the scale of capital inflows and whether buyers can carry on. If these bullish sentiments hold, SOL can see a breakout rally in the near term — setting the stage for its next major price action. Share Share Tweet

You may also like

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Popular coins

Latest Crypto News

Read more