Solana metrics turn bullish – But is cooling volume a red flag?
Solana's on-chain metrics indicate strong demand, with active addresses up 56% and weekly transactions at 515 million. Despite bullish signals from derivatives and CVD data, spot volume has cooled since late November, raising concerns about potential market consolidation. While HODLers are accumulating SOL, the inability to reclaim the $150 mark suggests a bearish outlook. Investors may consider dollar-cost averaging, as the uptick in network activity amidst price dips is a positive sign, but caution is advised due to the cooling volume.
Amb Crypto·
