✨ Solana is witnessing a significant transformation in liquidity movement within the network!
Recently, the ecosystem has recorded a substantial increase in the flow of USDC towards the network, coinciding with a clear decrease in the supply volume of SOL 🔥, which draws the attention of observers regarding the future price direction of the currency.
📉 With the rising demand for stablecoins within the network, it seems that Solana is undergoing a rebalancing phase that may open the door for stronger movements in the upcoming period.
🔍 Regarding prices, key resistance and support levels currently govern the market path at:
▫ 120 🟢
▫ 135 🟡
▫ 142 🔴
These points are considered pivotal, and breaking through or falling below them may determine the upcoming market direction 🚀 or continue the fluctuation.
⚠ Conversely, interest in the derivatives market remains relatively limited, indicating general caution among traders and a lack of risk appetite. The profit and loss index also shows a decrease in speculative levels, reflecting that the market has entered a re-accumulation area 📊 which can present an opportunity for medium and long-term investors.
🤝 Nevertheless, the return of strong buying demand remains the most important factor to reactivate the upward trend and push SOL towards a new potential wave of increases.
