hit a relatively insignificant sell wall, facing a healthy 2.5% correction at the local top. According to on-chain data, the activity of the network is still on a solid rise, with a 9% increase in the last few hours.
Additionally, we are seeing an increase in the average fee on the network, which could be considered a long-term signal for growth as more validators might join the network to ensure its stability and participate in its governance.Following indicators like volume profiles and moving averages are not yet giving any distinctive signals. The lack of direction might not be a good sign for investors, as it limits capital inflows to assets due to the short-term trend's indecisiveness.
The lack of trading volume on the asset causes an outflow of funds that support local rallies and act as fuel for each move of the asset. As the holder distribution suggests, most