SOL Pushes Back Above $72 — But On-Chain Data Says the Rally Might Be Running Out of Steam

WHY IT MATTERS

Think of on-chain data like the vital signs of a cryptocurrency — it tells you how healthy the network actually is beneath the surface. Just like a person might look fine on the outside but have concerning blood pressure readings, a token's price can go up even when fewer people are actually using the network. When analysts say 'momentum is weakening,' they mean the underlying activity that usually supports a price increase — things like how many people are transacting and how much value is flowing through the network — isn't keeping up. For newcomers, this is a good reminder that price alone doesn't tell the whole story. Looking at on-chain data is like checking under the hood before buying a used car.