Solana’s Sol Entering severe water as Mond-speed crypto-market widespread collapse, low-speed, low-speed token, low-speed costs of 8% to $ 124.
That was less than the realized price of $ 134 for the first time since May 2022, according to glassnode data. The realized price is the average cost of the cost of all the coins last moved and the current values mean the average holder is underwater, a bearish signal that can define panic sales or capitulation.
Falling will come as Solana’s validators Debate a proposal Known as SIMD-0228 that may fall to 4.7% annual network inflation rate of 80% to about 1.5% over time.
Unlike market prices, which change exchange trading, the realized price is a cost-basis anchor.
Price action generates a downward channel, with a resistance between $ 134, former support level, and $ 130, and support of $ 120 and $ 115. The trend remains bearish, but if $ 120 holds and $ 128 breaks with volume, a rebound is possible at $ 134, driven by consumers.
