$SOL
Spot SOL In-Depth View | December 9, 2025 07:00 UTC
Key Points:
Solana price slightly declined over the past 24 hours, maintaining its dominant position in the ecosystem (DEX trading volume has led for 16 consecutive weeks), but the short-term technical indicators are weakening and facing significant selling pressure from whales continuously transferring tokens to exchanges.
Key Developments:
· Clear Ecosystem Dominance: It has maintained the lead in decentralized exchange (DEX) trading volume and application revenue for 16 consecutive weeks, demonstrating strong actual usage and ecological activity.
Main Risks:
1. Weakening Short-term Technical Indicators: The short-term EMA has fallen below the long-term EMA, the MACD histogram is negative, and the RSI is below 50, indicating that short-term downward momentum is dominant.
2. Whales Taking Profits Continually: A whale has been continuously transferring 100,000 SOL (13.57 million USD) to centralized exchanges, having sold a total of 615,000 SOL (107 million USD) over the past eight months, indicating persistent selling pressure.
3. Large Exchange Inflows: An unknown wallet transferred 425,686 SOL (57.6 million USD) to Coinbase, suggesting that the market may face significant selling pressure.
Market Sentiment:
Community sentiment is leaning bullish, believing that Solana is accumulating upward momentum, driven by an overall improvement in market sentiment, with price trends and derivatives indicating a potential breakthrough above 150 USD.
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