Solana’s on-chain data defies bearish technical indicators

Solana’s on-chain data show a picture that’s quite different from what technical indicators are showing. Despite bearish signals, the network has been buzzing with activity. Bullish network Daily non-vote transactions on the Solana network have been climbing steadily, reaching around 50 million. This rise since early 2024 indicates more users are engaging with decentralized finance

Source: Cryptopolitan