Sol de Solana entered the murky waters when the wide fall of Monday’s cryptographic market sent the token of the high -speed block chain and low cost up to 8% to $ 124.
That is less than the price made of $ 134 for the first time since May 2022, according to Glassnode Data. The price made is the average cost base of all currencies for the last time and the current values mean that the average holder is under water, a bearish signal that can trigger the sale or panic capitulation.
The fall occurs when the validators of Solana debate a proposal known as SIMD-0228 that could reduce the annual inflation rate of 4.7% of the network by 80% to approximately 1.5% over time.
Unlike the market price, which fluctuates with exchange operations, the price made is a cost -based anchor.
The price action forms a descending channel, with resistance between $ 134, previously a support level and $ 130, and support at $ 120 and $ 115. The trend is still low, but if $ 120 is maintained and $ 128 jumps with volume, a rebound is possible to $ 134, driven by immersion buyers.
