🚨 Major Warning Signal for Solana $SOL
It seems that the market is hiding something deeper than just a price spike... 👀
📊 Price Analysis vs. On-chain Activity:
From CryptoQuant data, we notice a clear divergence between price and activity:
💰 Price: On a strong upward trajectory, it recorded an all-time high (ATH) of $262.56
📉 Daily Transactions: Decreased from 125M → 64M (a decline of about 50%)
🔗 Correlation: **-0.047** — meaning that the price is no longer moving in sync with network activity
This is known in institutional analysis as 📉 Bearish On-chain Divergence — where the price is rising but the fundamental metrics are weakening, an early signal of losing the market's internal momentum.
🧭 Analytical tools used:
🔹 On-chain Metrics (CryptoQuant / Glassnode): Measuring actual activity (number of transactions – active wallets – smart contracts).
🔹 Price–Volume Correlation: Confirming the weakening correlation between price and activity volume.
🔹 RSI / MACD / OBV: Momentum indicators and liquidity flow.
🔹 DeFi & NFT Trackers: To determine if the decline is due to a real usage drop or just internal system transactions.
⚠️ Conclusion :
📌 If the decline in activity reflects a drop in actual users (DeFi / NFTs), there is a high likelihood we will see a strong price correction soon.
📌 However, if the decline is due to a slowdown in technical network transactions, the upward trend remains intact.
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