Solana's on-balance volume (OBV) has shifted to a bearish trend after a six-month uptrend, according to recent analysis. The OBV chart, reviewed by IncomeSharks, now displays a descending pattern, suggesting a decrease in buying volume and an increase in selling pressure. Analysts caution that sellers currently dominate the market, and traders are advised to watch for signs of reduced selling pressure before anticipating any potential bullish recovery.
Solana's On-Balance Volume Turns Bearish After Prolonged Uptrend
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