The global crypto market is recovered by reaching 3.16 trillion dollars, solana (left) has a hard time. Pump.fun’s 148.7k left (about 28.22 million dollars) transfer to Kraken increased the concerns that the solea price may decrease. So, what about Solana’s future? Come, let’s look at the details together.
Pump.fun’s Great Left Sale: Risk for Solana
According to the data shared by the On-Chain Analysis Platform Lookonchain, Pump.fun transferred 148,759 left to Kraken. This large sales strengthened its speculation that the left price may decrease. Pump.fun has sent a total of 2,280,377 Left (462 million dollars) to Kraken so far. The platform sold the 264,373 SOL for 41.64 million USDC.
This move of Pump.fun had a great impact on the market. After the transfer, the left price decreased by 1.2 %. This led investors to worry about the future of Solana.
Is it going to new bottom levels?
Solana is currently traded for $ 191.17 and increased by 0.20 %in the last 24 hours. However, it experienced small rise of 2.68 %and 0.55 %, respectively on a monthly and weekly basis. However, Binance Coin (BNB) left the left behind with its market value. This is worried about Solana investors.
Solana’s 24 -hour transaction volume fell by 11.51 %to $ 3.39 billion. In addition, VWAP (volume -weighted average price), which has been ongoing since September, fell below the support level. Although this level offers a historical opportunity to purchase, repeated tests may increase the risk of collapse.
Can solana fall to $ 120?
The solana price has been consolidated in a certain range for 83 days. According to Crypto School, the significant level of support was determined as $ 176. If it falls below 165 dollars, the solenda may decrease to severe bottom levels.
Deepseek’s latest forecasts predict that Solana could fall to $ 120 in the first quarter of 2025. However, there is a scenario in which it can rise to $ 250 in the same period. These contradictory estimates confuse investors.
What do analysts say?
Despite the Speculation of Bearish, analysts think the SOL can be recovered. Rose Premium Signals announced its targets for 296.38, 339.55 and $ 384.56 for Solana. Kyren said that with a more ambitious prediction, the SOL could reach $ 500 in 2025.
Coinbase Derivatives’ plans to launch the left futures contract also give hope for the future of Solana. However, uncertainties in the market continue. Investors should be careful and investigate their decisions well.
