Solana 的过山车：看涨情绪在链上指标下降的情况下陷入困境

Solana (SOL) 最近经历了价格飙升，尽管链上指标有所下降，但仍引发了人们的兴趣。虽然新地址和鲸鱼抛售表明看跌情绪，但积极信号包括链上转移和买家积累的增加。目前价格徘徊在 158 美元左右，面临 200 日均线阻力。如果买家突破这一水平，则可能反弹至 192 美元，而下跌可能会导致 126 美元甚至 100 美元的支撑。

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

Solana 的过山车之旅：在看涨的市场情绪中指标下降

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）是一个以高速、低交易成本着称的区块链平台，已成为加密货币社区的热门讨论话题。尽管最近价格回升，反映了比特币向 66,000 美元的上涨轨迹，但 Solana 见证了几个关键链上指标的下降。

Mixed Market Sentiment: Bulls vs. Bears

市场情绪好坏参半：多头与空头

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.

目前市场正陷入买家和卖家之间的拉锯战，双方都在争夺 SOL 的明确价格趋势。目前 Solana 在区间上升通道内波动，买家逐渐占据上风，导致清算激增。

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 的数据显示，Solana 已经历了总计约 680 万美元的清算，其中买家约 250 万美元，卖家约 430 万美元。

Declining New Addresses: A Bearish Indicator

新地址减少：看跌指标

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 新地址数量大幅下降引起了人们的关注。 IntoTheBlock 数据显示，从峰值 915,000 急剧下降至 866,000，表明市场对 SOL 的投资兴趣正在减弱。这一事态发展引发了看跌情绪的上升。

Whales on the Prowl

鲸鱼在徘徊

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.

市场专家认为，作为加密货币的大持有者，鲸鱼可能会继续疯狂抛售，从而有可能在出现有意义的复苏之前压低 SOL 的价格。围绕 Solana 和更广泛市场的不确定性，加上比特币最近减半后矿工面临的压力，加剧了当前的波动。

Buying Demand Remains: A Counterpoint

购买需求依然存在：一个对立面

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.

尽管有这些看跌指标，但有迹象表明 SOL 的购买需求仍在持续。 IntoTheBlock 数据显示，Solana 区块链上转移的价值一直在上升，最近从 640 亿美元的低点恢复到 900 亿美元，表明对该资产的兴趣。

Long/Short Ratio Tilts Bearish

多空比率倾斜看跌

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.

多头/空头比率（衡量买家和卖家之间平衡的指标）已降至 0.8512，表明看跌主导地位不断增强，目前有 54% 的头寸预计 SOL 价格下跌。

SOL Price Outlook: Resistance and Support Levels

SOL 价格展望：阻力位和支撑位

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.

在价格图表上，SOL 已接近其 200 天指数移动平均线 (EMA) 158 美元，这可能是一个重要的阻力点。近几个小时以来，买家一直在积极囤积，将价格推高至直接斐波那契水平之上。截至撰写本文时，SOL 的交易价格为 158.1 美元，在过去 24 小时内上涨了 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 能够突破 162 美元的水平，则将标志着看涨情绪可能复苏。在这种情况下，SOL/USDT 货币对可能会反弹至下一个主要阻力位 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，如果价格从当前水平下降，则可能表明负面情绪激增，交易者会在价格上涨期间抛售。这可能导致其跌向 126 美元的坚实支撑位。如果 SOL 跌破该阈值，则有可能进一步跌至 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 水平（衡量价格动能的指标）正在上升，但仍低于超买阈值，表明 SOL 的上行势头可能会持续，可能会重新测试其之前的崩溃点。

Conclusion

结论

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 最近的价格回升被对链上指标下降的担忧所掩盖，这表明市场情绪好坏参半。尽管有迹象表明购买需求持续存在，但新地址的减少和鲸鱼抛售数量的增加描绘了一幅悲观的景象。然而，随着 SOL 试图克服关键的价格阻力位，RSI 的轨迹为谨慎乐观留下了空间。市场的波动和宏观环境的不确定性将继续影响SOL短期内的业绩。