After steady growth in recent weeks, Solana (SOL) is once again facing pressure. The coin is trading around $231, but it lacks fresh capital inflows and new investor activity to reach the psychologically important $250 mark.
New investors are leaving the market
Network data shows: the number of new addresses in the Solana ecosystem has dropped to a yearly low. This is an alarming signal — both retail and institutional investors are losing interest, and network growth is slowing down.
Without new participants and liquidity inflows, Solana risks losing momentum. Historically, it was the increase in active addresses that accompanied strong rally phases. Now, on the contrary, weak on-chain dynamics indicate a likely consolidation or correction.
Capital flows are shrinking
The Chaikin Money Flow (CMF) indicator, which tracks the balance of capital inflows and outflows, also shows weakening interest. The indicator is in the negative zone, reflecting a lack of new inflows from both retail and institutional investors.
For an asset aiming for new highs, this is a worrying factor. Weakening flows often foreshadow a correction, especially after a period of rapid growth. Until liquidity recovers, Solana will remain vulnerable to local sell-offs.
Key levels and movement scenarios
At the time of publication, SOL is trading around $231, just below the $232 resistance. Consolidating above this level would open the way to $250, but with current weakening interest, this looks unlikely.
If the price fails to overcome the resistance, a pullback to $221 is possible, where the first support zone lies. A break below this level will increase pressure and confirm a correction scenario.
At the same time, a return of investor interest could turn the situation around. An increase in trading volume and active addresses would spur movement above $242, bringing the $250 target back into focus.
What next?
Solana remains one of the market leaders, but short-term dynamics indicate a cooling off. To resume network growth, user activity and capital flows need to be restored.
If inflows recover and market sentiment improves, SOL will be able to test the $250 level again. But for now, the likelihood of a short-term correction is higher than a continued rally.
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