Sure! The title in title case would be: “Solana, Will This Destroy SOL’s Bullish Prediction
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Solana’s transaction count has been surging recently, but market activity indicates that sellers are predominating.
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The chart shows SOL maintaining a bullish pattern that could potentially drive it back to its previous all-time high.
After hitting an all-time high in December, Solana [SOL] has retraced again, losing 18.18% over the last month.
Nonetheless, the situation appears to be shifting, with the asset increasing by 7.09% over the past week and 5.42% in the past 24 hours.
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Despite clear bullish momentum, uncertainty lingers. The overall structure is trending bullish; however, recent selling pressure raises doubts about trend sustainability.
The transaction count is sharply rising while sellers remain dominant.
The Solana network has experienced a surge in transaction activity with approximately 66.9 million transactions completed within the last 24 hours as it gradually recuperates from its prior downturn.
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An increase in transactions may indicate either bullish or bearish sentiment depending on whether participants are purchasing or trading.
AskFX utilized Solana’s exchange netflow to identify trends.
Exchange netflow
measures inflows versus withdrawals of an asset from exchanges. A positive net flow implies greater selling pressure while a neutral net flow indicates otherwise.
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