Smart Money Exit Solana’s Seeker Token after 200% Rally
Seeker worth has entered a pullback section. After delivering a pointy 200% post-launch rally earlier this week, SKR is now down practically 25% over the previous 24 hours. That shift turns into all of the extra vital because the consumers driving the transfer have modified.
In our earlier evaluation, we confirmed how sensible cash absorbed airdrop promoting and helped stabilize the worth. That setup is now not intact. Smart cash has began slicing publicity, change balances are rising, and but whales are quietly including. The result’s a market pulled in reverse instructions, with a 5% cliff now in focus.
Critical Breakdown Triggered Smart Money Exit
The first crack appeared on January 24.
On the one-hour chart, the Seeker worth misplaced its Volume Weighted Average Price (VWAP) line. VWAP represents the common worth merchants paid, weighted by quantity.
When the worth holds above it, consumers are in management. When it breaks, it usually indicators distribution quite than wholesome consolidation.
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That breakdown lined up carefully with smart money behavior.
Over the previous 24 hours, sensible cash wallets decreased their SKR holdings by 56.48%. Based on the on-chain information, this cohort reduce roughly 8.5 million SKR from their positions in a single day. This was not sluggish trimming. It was a decisive exit following the lack of short-term construction.
This issues as a result of sensible cash tends to maneuver first. When they step apart after a VWAP loss, it often indicators that near-term upside now not affords a good risk-reward.
That explains why Seeker’s bounce attempts have been muted, at the same time as worth tries to stabilize. But sensible cash promoting is just one aspect of the equation.
Whales Buy the Dip as One Divergence Signals Accumulation
While knowledgeable merchants have been exiting, whales moved in the other way.
From January 23 to January 24, the Seeker worth continued trending decrease, however the Money Flow Index (MFI) moved increased over the identical interval. MFI tracks shopping for and promoting stress utilizing each worth and quantity. When worth falls whereas MFI rises, it indicators accumulation beneath the floor.
That divergence helps clarify whale conduct.
Over the previous 24 hours, whale holdings elevated by 40.78%, lifting their complete steadiness to 56.49 million SKR. This means whales added roughly 16.3 million SKR in the course of the pullback.
Unlike sensible cash, whales usually are not buying and selling short-term construction. They are positioning into weak spot, which traces up completely with the MFI dip shopping for.
This creates a transparent distinction in intent. Smart cash stepped away after VWAP failed. Whales stepped in as momentum cooled and dip-buying indicators appeared.
However, whale accumulation doesn’t mechanically translate into worth power. Whales can soak up provide, however they can’t cease a decline if promoting stress elsewhere continues to rise. That brings change conduct into focus.
Exchange Inflows Keep Seeker Price Breakdown Risk Alive
Despite whale shopping for, provide stress stays elevated.
Exchange balances elevated sharply over the previous 24 hours, rising by 10.94% to 453.67 million SKR. That implies roughly 44.8 million SKR moved onto exchanges throughout this era. Smart cash exits contributed to this movement, and retail profit-taking seemingly added to the stress as effectively.
This provide shift reveals up clearly in quantity information.
On the four-hour chart, On-Balance Volume (OBV) has trended decrease at the same time as worth remained elevated between January 21 and January 24. OBV tracks whether or not quantity confirms worth strikes. When worth holds up, however OBV falls, it indicators that rallies are being pushed by thinning demand quite than robust accumulation.
This is why whale shopping for has not but translated into upside follow-through. More so, because the change influx surge simply trumps their accumulation numbers.
The technical threat is now clearly outlined. On a four-hour closing foundation, $0.028 is the important thing stage, a 5% transfer from the present stage at press time. A clear shut beneath it, accompanied by an OBV trendline breakdown, would sign that promoting stress is overpowering accumulation, opening draw back threat towards $0.0120.
On the upside, Seeker must reclaim $0.043 to revive confidence. Beyond that, $0.053 stays a very powerful resistance zone, the place prior provide has been concentrated. Without a shift in quantity conduct, these ranges stay tough to achieve.
The construction tells a easy story. Smart cash has stepped apart. Whales are accumulating. Exchanges are filling up. As lengthy as this imbalance persists, Seeker worth stays weak.
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