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After surging significantly in the last few days, Solana, one of the leading digital assets, is slowly facing growing bearish pressure, raising concerns about an extension of the recent pullback to key support levels. Solana’s price may be declining, but the market continues to show strength as several crucial on-chain metrics are starting to turn bullish again.
A Notable Reversal In Solana Realized Cap
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Solana’s waning price movements, triggered by a broader weakening market performance, have not yet influenced some metrics that are crucial in determining its market dynamics. A recent report from a leading on-chain data analytics firm, Glassnode, reveals that Solana’s Realized Cap is gradually exhibiting a positive trend.
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