Solana’s ‘Late Phase’ Signals Peak as Investors Eye Strategic Entry Points

• Solana’s cyclical growth patterns show early and late phases, marking strategic entry points.
• Current SOL trading activity reflects cautious sentiment as the price stabilizes in late 2024.
• Moderate market volume highlights steady SOL trades, indicating growth phase nearing peak.

Solana (SOL) has entered what market analysts describe as a “late phase” of its cyclical growth, signaling that while opportunities for gains may still exist, the most significant growth may have already occurred. 

This stage in the Solana/Tether (SOL/USDT) trading pair aligns with historical market behaviors, where rapid increases follow accumulation phases in valuation.

The trading data from Binance on a weekly timeframe reveals patterns dating back to 2021, emphasizing recurring “early” and “late” stages that could guide investor entry points for optimized returns.

In early 2021, Solana experienced what analysts now identify as a “microcap” and “early” phase, with prices remaining relatively stable. This accumulation period, characterized by low volatility, signaled an ideal entry point for investors seeking strategic timing. 

The subsequent parabolic surge in SOL’s valuation peaked in mid-2021, aligning with a “late” phase designation.

A similar growth cycle re-emerged in late 2022 and continued through 2024, marked by an “early” phase around 2023, where stable prices and low volatility again suggested a potential entry window for investors.

Source: IncomeSharks

By late 2024, the market’s attention has shifted to Solana’s current stage, with signs indicating it may be in a “still late” phase. This phase suggests that while SOL remains a valuable asset, its current price point may not offer the same upside as previous entry points during early accumulation phases.

Solana’s price, recorded at $174.26 with a minor 0.65% decline, reflects cautious market sentiment as traders navigate recent highs.

Further supporting this sentiment, Solana’s trading volume has seen a notable drop. The latest 24-hour trading volume stands at $2.46 billion, a decline of 27.64% from previous trading sessions, while the volume-to-market cap ratio remains at a moderate 3.02%. 

Source: CoinMarketCap

This ratio indicates steady trading activity as SOL’s market capitalization hovers around $81.97 billion, with a fully diluted valuation of $102.38 billion. Solana’s circulating supply is at 470.39 million SOL out of a total supply of 587.53 million, with no cap on the maximum issuance.