{"id":6217,"date":"2025-01-06T08:02:04","date_gmt":"2025-01-06T08:02:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6217"},"modified":"2025-01-06T08:02:04","modified_gmt":"2025-01-06T08:02:04","slug":"sol-worth-227m-moved-to-centralized-exchanges-clouds-bullish-technical-outlook","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6217","title":{"rendered":"SOL Worth $227M Moved to Centralized Exchanges, Clouds Bullish Technical Outlook"},"content":{"rendered":"<div>\n<p>A SOL market dynamic that characterized the March 2024 price top has reappeared, clouding the token&#8217;s bullish technical outlook.<\/p>\n<p>Last week, centralized exchanges recorded a hefty net inflow of $227.21 million in SOL, the token powering Solana&#8217;s smart contract blockchain, marking the highest influx since the third week of March, <a href=\"https:\/\/www.coinglass.com\/spot-inflow-outflow\" target=\"_blank\">according to Coinglass<\/a>.<\/p>\n<p>Back then, exchanges saw a net inflow of over $300 million in SOL. Interestingly, that moment coincided with SOL&#8217;s the-then price rally peaking near $200 and paving the way for a seven-month range play between $120 and $200.<\/p>\n<p>A large movement of coins to exchanges indicates that holders may be gearing up to either sell their coins or put those at work in derivatives trading or DeFi strategies.<\/p>\n<p>The latest inflow, thus, clouds the positive technical outlook that suggests prices could re-visit the November high of over $260, having recently defended key support in a <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/12\/24\/sols-evolving-throwback-pattern-makes-it-enticing-for-breakout-traders-godbole\" target=\"_blank\">bullish &#8220;throwback&#8221; pattern<\/a>.<\/p>\n<p>Activity in the Deribit-listed SOL options market shows a lack of bullish excitement. Per data analytics platform Amberdata, traders have been net sellers of the upside (call options) in SOL.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/2b45cc2dbb3c1f616bfddb585caff477da0462d5-2506x827.png\" alt=\"\"><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A SOL market dynamic that characterized the March 2024 price top has reappeared, clouding the token&#8217;s bullish technical outlook. Last week, centralized exchanges recorded a hefty net inflow of $227.21 million in SOL, the token powering Solana&#8217;s smart contract blockchain, marking the highest influx since the third week of March, according to Coinglass. Back then, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6217","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6217"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6217\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}