Solana 的過山車：看漲情緒在鏈上指標下降的情況下陷入困境

Solana (SOL) 最近經歷了價格飆升，儘管鏈上指標有所下降，但仍引發了人們的興趣。雖然新地址和鯨魚拋售表明看跌情緒，但積極信號包括鏈上轉移和買家積累的增加。目前價格徘徊在 158 美元左右，面臨 200 日均線阻力。如果買家突破這一水平，則可能反彈至 192 美元，而下跌可能會導致 126 美元甚至 100 美元的支撐。

Solana's Rollercoaster Ride: Declining Metrics Amidst Bullish Market Sentiment

Solana 的過山車之旅：在看漲的市場情緒中指標下降

Solana (SOL), a blockchain platform known for its high speed and low transaction costs, has become a popular topic of discussion in the cryptocurrency community. Despite its recent price recovery, which mirrored Bitcoin's upward trajectory towards $66,000, Solana has witnessed a decline in several crucial on-chain metrics.

Solana（SOL）是一個以高速、低交易成本著稱的區塊鏈平台，已成為加密貨幣社群的熱門討論話題。儘管最近價格回升，反映了比特幣向 66,000 美元的上漲軌跡，但 Solana 見證了幾個關鍵鏈上指標的下降。

Mixed Market Sentiment: Bulls vs. Bears

市場情緒好壞參半：多頭與空頭

The market is currently embroiled in a tug-of-war between buyers and sellers, with both parties vying to establish a clear price trend for SOL. Currently fluctuating within a range-bound ascending channel, Solana has seen buyers gradually gaining the upper hand, leading to a surge in liquidations.

目前市場正陷入買家和賣家之間的拉鋸戰，雙方都在爭奪 SOL 的明確價格趨勢。目前 Solana 在區間上升通道內波動，買家逐漸佔上風，導致清算激增。

Data from Coinglass indicates that Solana has experienced liquidations totaling approximately $6.8 million, with buyers accounting for around $2.5 million and sellers for roughly $4.3 million.

Coinglass 的數據顯示，Solana 經歷了總計約 680 萬美元的清算，其中買家約 250 萬美元，賣家約 430 萬美元。

Declining New Addresses: A Bearish Indicator

新地址減少：看跌指標

A notable concern has emerged with the significant drop in Solana's new address count. IntoTheBlock data shows a sharp decline from a peak of 915,000 to 866,000, suggesting a waning interest in the market to invest in SOL. This development has sparked a rise in bearish sentiment.

Solana 新地址數量大幅下降引起了人們的注意。 IntoTheBlock 數據顯示，從高峰 915,000 急劇下降至 866,000，顯示市場對 SOL 的投資興趣正在減弱。這一事態發展引發了看跌情緒的上升。

Whales on the Prowl

鯨魚在徘徊

Market experts believe that whales, large holders of cryptocurrency, may continue their selling spree, potentially driving SOL's price down before a meaningful recovery can occur. The uncertainty surrounding both Solana and the broader market, compounded by the pressure on miners following Bitcoin's recent halving, contributes to the current volatility.

市場專家認為，作為加密貨幣的大持有者，鯨魚可能會繼續瘋狂拋售，從而有可能在出現有意義的復甦之前壓低 SOL 的價格。圍繞 Solana 和更廣泛市場的不確定性，加上比特幣最近減半後礦工面臨的壓力，加劇了當前的波動。

Buying Demand Remains: A Counterpoint

購買需求依然存在：一個對立面

Despite these bearish indicators, there are signs of continued buying demand for SOL. IntoTheBlock data reveals that the value transferred on the Solana blockchain has been rising, recently recovering from a low of $64 billion to reach $90 billion, indicating an appetite for the asset.

儘管有這些看跌指標，但有跡象表明 SOL 的購買需求仍在持續。 IntoTheBlock 數據顯示，Solana 區塊鏈上轉移的價值一直在上升，最近從 640 億美元的低點恢復到 900 億美元，表明對該資產的興趣。

Long/Short Ratio Tilts Bearish

多空比率傾斜看跌

The long/short ratio, an indicator that measures the balance between buyers and sellers, has dipped to 0.8512, suggesting growing bearish dominance, with 54% of positions now anticipating a decline in SOL's price.

多頭/空頭比率（衡量買家和賣家之間平衡的指標）已降至 0.8512，顯示看跌主導地位不斷增強，目前有 54% 的部位預計 SOL 價格下跌。

SOL Price Outlook: Resistance and Support Levels

SOL 價格展望：阻力位與支撐位

On the price charts, SOL has approached its 200-day Exponential Moving Average (EMA) at $158, which is likely to serve as a significant resistance point. Buyers have been accumulating aggressively in recent hours, pushing the price above immediate Fibonacci levels. At the time of writing, SOL is trading at $158.1, having gained over 3.3% in the last 24 hours.

在價格圖表上，SOL 已接近其 200 天指數移動平均線 (EMA) 158 美元，這可能是一個重要的阻力點。近幾個小時以來，買家一直在積極囤積，將價格推高至直接斐波那契水平之上。截至撰寫本文時，SOL 的交易價格為 158.1 美元，在過去 24 小時內上漲了 3.3% 以上。

If SOL can break above the $162 level, it would signal a potential resurgence of bullish sentiment. In such a scenario, the SOL/USDT pair could eye a rally towards the next major resistance at $192.

如果 SOL 能夠突破 162 美元的水平，則將標誌著看漲情緒可能會復甦。在這種情況下，SOL/USDT 貨幣對可能會反彈至下一個主要阻力位 192 美元。

Conversely, a decline from current levels could indicate a surge in negative sentiment, with traders selling during price rallies. This could lead to a drop towards the solid support level at $126. If SOL breaks below this threshold, a further decline to $100 is a possibility.

相反，如果價格從當前水平下降，可能表明負面情緒激增，交易者會在價格上漲期間拋售。這可能導致其跌向 126 美元的堅實支撐位。如果 SOL 跌破該閾值，則有可能進一步跌至 100 美元。

The RSI level, an indicator that measures price momentum, is rising but remains below the overbought threshold, suggesting that SOL's upward momentum could continue, potentially retesting its previous breakdown point.

RSI 水準（衡量價格動能的指標）正在上升，但仍低於超買閾值，表明 SOL 的上行勢頭可能會持續，可能會重新測試其先前的崩潰點。

Conclusion

結論

Solana's recent price recovery has been overshadowed by concerns surrounding declining on-chain metrics, suggesting a mixed market sentiment. While there are indications of continued buying demand, the drop in new addresses and the rising number of whale sell-offs paint a bearish picture. However, the RSI's trajectory leaves room for cautious optimism as SOL attempts to overcome key price resistance levels. The market's volatility and the uncertain macro environment will continue to influence SOL's performance in the near term.

Solana 最近的價格回升被對鏈上指標下降的擔憂所掩蓋，這表明市場情緒好壞參半。儘管有跡象表明購買需求持續存在，但新地址的減少和鯨魚拋售數量的增加描繪了一幅悲觀的景象。然而，隨著 SOL 試圖克服關鍵的價格阻力位，RSI 的軌跡為謹慎樂觀留下了空間。市場的波動和宏觀環境的不確定性將持續影響SOL短期內的表現。