Monthly Active Solana Wallets Surges Past 100 Million
Surge in Active Addresses: Solana has reached over 100 million monthly active addresses, a significant increase from 509,000 at the start of 2024, but many of these wallets hold no SOL, raising concerns about the authenticity of this growth.
Concerns Over Legitimacy: Critics suggest that the rise in activity may be driven by bots and proxy addresses used by exchanges, leading to inflated metrics that do not reflect genuine user engagement on the network.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000157 | 0.000207 | 0.000257 | 0.000307 | 0.000357 | 0.000407 | 0.000457 |
| Fibonacci | 0.000207 | 0.000245 | 0.000268 | 0.000307 | 0.000345 | 0.000368 | 0.000407 |
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