{"id":132088,"date":"2024-12-01T10:30:50","date_gmt":"2024-12-01T03:30:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=132088"},"modified":"2024-12-01T10:30:50","modified_gmt":"2024-12-01T03:30:50","slug":"can-solana-sol-maintain-its-4th-spot-amid-182-5m-outflows","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=132088","title":{"rendered":"Can Solana (SOL) maintain its 4th spot amid $182.5M outflows?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">73.5% of top Binance traders hold long positions, while 26.5% hold short positions.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">If SOL doesn\u2019t gain momentum, it could lose its fourth spot to Ripple\u2019s native token, XRP.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/solana-sol-price-prediction-33\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Solana [SOL]<\/a>, the world\u2019s fourth-largest cryptocurrency by market cap, is consolidating within a tight range and has formed a bearish price action pattern. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, altcoins like <a href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ethereum [ETH]<\/a>\u00a0 and <a href=\"https:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ripple [XRP]<\/a> are showing strong bullish momentum. This raises concerns among SOL holders about its ability to maintain its position.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to CoinMarketCap, Solana\u2019s market cap has remained at $114.4 billion despite its sideways movement over the past two weeks. In contrast, during the same period, XRP experienced an 80% upward momentum, raising its market cap to $106.5 billion.<\/span><\/p>\n<h2><b>Strong participation of whales<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Data from the on-chain analytics firm Coinglass indicates that, despite SOL\u2019s price remaining in a consolidation zone, long-term holders have shown strong interest in the asset.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coinglass\u2019s SOL Spot Inflow\/Outflow metrics indicate that SOL has seen significant outflows of $182.5 million from exchanges since the 23rd of November 2024. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This substantial outflow suggests that whales and long-term holders have withdrawn these tokens from exchanges to their wallets, indicating accumulation.<\/span><\/p>\n<div id=\"attachment_447974\" style=\"width: 1730px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447974\" class=\"wp-image-447974 size-full\" alt=\"SOL spot inflow\/outflow\" width=\"1720\" height=\"479\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69.png 1720w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-300x84.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-1024x285.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-768x214.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-1536x428.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-1200x334.png 1200w\" data-lazy-sizes=\"(max-width: 1720px) 100vw, 1720px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447974\" class=\"wp-image-447974 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69.png\" alt=\"SOL spot inflow\/outflow\" width=\"1720\" height=\"479\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69.png 1720w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-300x84.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-1024x285.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-768x214.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-1536x428.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-69-1200x334.png 1200w\" sizes=\"auto, (max-width: 1720px) 100vw, 1720px\"\/><\/a><\/p>\n<p id=\"caption-attachment-447974\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">The crypto community often views exchange outflows as a positive sign, signaling a potential buying opportunity and upward momentum.<\/span><\/p>\n<h2><b>Traders\u2019 recent activity\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In addition to long-term holders, traders have also shown strong interest and confidence in the token, as reported by Coinglass. <\/span><span style=\"font-weight: 400;\">At the time of writing, the Binance SOLUSDT Long\/Short ratio stood at 2.77, indicating strong bullish sentiment among traders.<\/span><\/p>\n<div id=\"attachment_447972\" style=\"width: 1725px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447972\" class=\"wp-image-447972 size-full\" alt=\"Binance SOLUSDT Long\/Short ratio\" width=\"1715\" height=\"407\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68.png 1715w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-300x71.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-1024x243.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-768x182.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-1536x365.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-1200x285.png 1200w\" data-lazy-sizes=\"(max-width: 1715px) 100vw, 1715px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447972\" class=\"wp-image-447972 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68.png\" alt=\"Binance SOLUSDT Long\/Short ratio\" width=\"1715\" height=\"407\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68.png 1715w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-300x71.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-1024x243.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-768x182.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-1536x365.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/image-68-1200x285.png 1200w\" sizes=\"auto, (max-width: 1715px) 100vw, 1715px\"\/><\/a><\/p>\n<p id=\"caption-attachment-447972\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Currently, 73.5% of top Binance traders hold long positions, while 26.5% hold short positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The combination of these on-chain metrics with technical analysis suggests that bulls are currently dominating the asset and may be attempting to keep SOL in its fourth position.<\/span><\/p>\n<h2><b>Solana\u2019s technical analysis and key levels<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto\u2019s technical analysis, Solana seems to be forming a bearish head-and-shoulder pattern on a four-hour chart. Currently, this pattern is incomplete as the second shoulder is still developing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If SOL completes this pattern and breaks its neckline at $230, it could potentially fall to the $200 level.<\/span><\/p>\n<div id=\"attachment_447970\" style=\"width: 1471px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447970\" class=\"wp-image-447970 size-full\" alt=\"Solana (SOL) technical analysis \" width=\"1461\" height=\"750\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555.png 1461w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555-300x154.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555-1024x526.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555-768x394.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555-1200x616.png 1200w\" data-lazy-sizes=\"(max-width: 1461px) 100vw, 1461px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-447970\" class=\"wp-image-447970 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555.png\" alt=\"Solana (SOL) technical analysis \" width=\"1461\" height=\"750\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555.png 1461w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555-300x154.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555-1024x526.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555-768x394.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/SOLUSDT_2024-11-30_17-45-15-e1732968982555-1200x616.png 1200w\" sizes=\"auto, (max-width: 1461px) 100vw, 1461px\"\/><\/a><\/p>\n<p id=\"caption-attachment-447970\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Conversely, if SOL closes four consecutive candles above the $245 level, this bearish outlook may end, and we could see a new high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the positive side, Solana\u2019s Relative Strength Index (RSI) indicated a potential for an upside rally in the coming days. With an RSI of 51, it remained below the overbought area, suggesting there is still room for growth.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/solana-price-prediction\" data-wpel-link=\"internal\">Solana\u2019s [SOL] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">At press time, SOL was trading near $242 and has experienced a price decline of over 1.25% in the past 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the same period, its volume jumped by 14.56%, indicating heightened participation from traders and investors compared to previous days.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/filecoin-price-prediction-why-fil-hitting-10-soon-is-not-impossible\/\" rel=\"prev\" data-wpel-link=\"internal\">Filecoin price prediction \u2013 Why FIL hitting $10 soon is NOT impossible<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/analyzing-if-solanas-position-is-really-under-threat-from-xrp\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>73.5% of top Binance traders hold long positions, while 26.5% hold short positions. If SOL doesn\u2019t gain momentum, it could lose its fourth spot to Ripple\u2019s native token, XRP. Solana &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=132088\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-132088","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/132088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=132088"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/132088\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}