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Solana Now Retesting Realized Price: Will Shift To Bear Market Happen?

NewsBTC LogoNewsBTC11h ago

Solana Now Retesting Realized Price: Will Shift To Bear Market Happen? - NewsBTC

Quick Summary:

Now, here is the chart shared by the analyst, that shows the trend in the Realized Price for Solana over the last few years: As displayed in the above graph, Solana had been trading above its Realized Price during the last year or so, which means the cryptocurrency’s holders had been enjoying profits on average.

On-chain data shows Solana is hovering around its Realized Price right now, a level that has historically served as the boundary for major trend shifts.

Related Reading: XRP Indicator Reliable Since 2022 Now Gives This Signal With SOL again retesting this important level, it remains to be seen what trajectory the cryptocurrency will pick this time around.“Failing to hold above this level now could signal a deeper market correction,” notes the Glassnode analyst.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-01 @ 03:30:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26534252

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/solana-now-retesting-realized-price-17408002873442

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