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Despite Solana (SOL) Price Weakness, Large Orders Show Net Inflow of 37,162 SOL... Attention Turns to Potential Price Reversal

While Solana (SOL) has yet to escape its recent weak zone, large-order flows continue to show a net inflow. With price and fund flows sending mixed signals, whether this buying dominance will actually lead to a price recovery has emerged as a short-term focal point. ## Price Trend: Trading Around $

Wooil Shim
Staff Reporter
8 min read
Despite Solana (SOL) Price Weakness, Large Orders Show Net Inflow of 37,162 SOL... Attention Turns to Potential Price Reversal
CBC News

While Solana (SOL) has yet to escape its recent weak zone, large-order flows continue to show a net inflow. With price and fund flows sending mixed signals, whether this buying dominance will actually lead to a price recovery has emerged as a short-term focal point.

Price Trend: Trading Around $101, Searching for Direction in Weak Zone

As of the 13th, based on Binance's 1-hour chart, Solana was trading at $101.59. It fell 0.82% over the past 24 hours and is down 0.33% over the past 7 days. In terms of price alone, this is a phase of searching for direction within a weak zone rather than a clear uptrend.

Net Inflow of 37,162 SOL in Large Orders... Buying Dominance

The notable point is the movement of large orders. Over the past day, large orders recorded a net inflow of 37,162.16 SOL, with a net inflow rate of 2.99%.

Looking at the detailed figures, large-order taker buy volume was 639,438.08 SOL, while maker sell volume was 602,275.92 SOL. Buying dominance formed by the difference between the two figures. A characteristic is that even while the price remains in a weak zone, large orders carried relatively more weight on the buy side.

Near 7-Day Low... Trading Volume Still Insufficient to Support a Reversal

However, net fund inflows alone are not enough to judge a price trend reversal, as indicators still need to be confirmed.

Solana is trading 0.56% below its recent 7-day high ($102.16) and only 0.36% above its recent 7-day low ($101.23). This means the current price is closer to the bottom than the top of the trading range formed over the past week.

Trading volume is also not yet at a level that supports a strong price reversal. Trading volume in the past hour was 22,032 SOL, only about 58% of the 7-hour average. Even if the net inflow of large orders continues, it is hard to rule out the possibility that upward momentum will be limited unless overall market trading participation expands.

RSI Rebound, Cautious MACD, Supertrend Uptrend... Mixed Technical Signals

Technical indicators are also sending mixed signals.

  • RSI (6): At 42.55, a significant recovery from the previous 26.92. It is exiting a strongly oversold zone, but has not yet reached a level indicating strong buying dominance.
  • MACD: After a dead cross occurred 19 candles ago, the histogram remains in negative territory. This is why it is difficult to conclude that the existing bearish momentum has fully resolved, even if the short-term price partially recovers.
  • Supertrend: Maintaining an upward direction at $100.65. Since the current price is above this level, it is necessary to watch whether the defense around the low $100s holds.

Key Points Ahead: Defending the Early $101s and Breaking Through $102.16

Ultimately, Solana's short-term trend comes down to a phase where 'price weakness and net fund inflows' appear simultaneously. The fact that a net inflow of more than 37,000 SOL in large orders occurred over the past day is noteworthy from a supply-and-demand perspective, but MACD and trading volume do not yet provide sufficient signals to confirm a trend reversal.

The first point to watch is whether Solana defends the early $101s while large-order buying dominance continues. If the price subsequently rises to around the recent 7-day high of $102.16 and trading volume expands as well, it will be possible to confirm whether the gap between the current fund inflows and the price trend narrows.

[This article is for informational purposes, written based on publicly available market data and technical indicators. It does not recommend buying, selling, or holding any specific cryptocurrency, and cryptocurrencies can exhibit high price volatility. Technical analysis and fund-flow-based scenarios do not guarantee actual market movements. Final investment decisions and responsibility rest with the investor, and this article was written with the help of AI.]

Wooil Shim
Staff Reporter

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