Solana (SOL) Price Dips Below $130, Onchain Data Suggests Bullish Outlook
The price of Solana (SOL) has decreased, falling below $130. Despite this price movement, on-chain data indicates a potentially bullish outlook for SOL. Factors contributing to this perspective include whale accumulation, a declining supply of SOL on exchanges, and strengthening on-chain metrics. These indicators suggest the possibility of a price recovery for Solana, according to reports. The development highlights the importance of monitoring on-chain data to assess the potential future performance of cryptocurrencies.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.