Solana’s price may be sliding, but data shows LTHs are accumulating while short-term sellers exit at a loss.
Long-term holders are doubling down on Solana despite the recent price drop. Data suggests that SOL may be close to a local bottom.might be losing altitude on the charts, but long-term holders clearly didn’t get the memo.
Instead of panic-selling, they’ve been stacking coins with great confidence.Long-term holders load up as price dropsOn the contrary, Glassnode data revealed a 102% surge in Hodler Net Position Change since the 30th of July, a sign of confidence among seasoned investors.Naturally, such spikes tend to signal accumulation. Despite falling prices, more coins are moving into cold storage, hinting at strategic positioning rather than panic exits.That figure shows most recent sellers exited at a loss. Historically, these capitulation-style flushouts happen near cycle bottoms.If past patterns hold true, this could mark the final phase of the drawdown, setting the stage for SOL to stabilize and eventually rebound on the back of reduced selling.After a brutal string of red candles, SOL is finally showing signs of recovery. The latest daily candle hinted at a potential pause, even as the asset struggled below $165. The RSI sat at 41.65, closer to the oversold territory, so downside exhaustion may be near.Meanwhile, OBV has flattened after a steady decline, so selling volume is losing steam. While it’s too early to call a reversal, the chart suggests that sellers are tiring, and a shift in sentiment could soon open the door for a rebound.Samyukhtha L KM is a Financial Journalist and Market Analyst at AMBCrypto whose work is defined by one central question: Is the latest trend in blockchain hype, or history in the making? Her expertise is built on a strong academic foundation, with a Master’s in Journalism and Mass Communication from Amity University and a Bachelor’s in Commerce from the University of Madras. This dual qualification equips her with a unique skill set: the financial acumen to dissect market mechanics and the journalistic rigor to investigate and communicate complex subjects with clarity. Samyukhtha specializes in analyzing the socio-economic impact of blockchain adoption and assessing the viability of new market narratives. This includes a focus on high-velocity, community-driven assets such as memecoins, where she evaluates sentiment and fundamentals. She is dedicated to providing readers with insightful, well-researched commentary that looks beyond immediate market moves to understand the long-term implications of decentralized technology.Subscribe to get it daily in your inbox.
Please follow us on Google to support us Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana chart ‘looking very scary’ at $147 – A plunge can take SOL down to…Solana (SOL) is currently at a critical juncture, with mixed analyst opinions and bearish on-chain signals pointing to potential downside.
Read more »
Solana active addresses hit new high – So why is SOL still falling?Stay Ahead!
Read more »
Can Solana (SOL) hit $184 after FTX, Alameda unstake $31 million?Solana (SOL) has been flashing strong bullish momentum, backed by multiple technical breakouts and growing trader confidence...
Read more »
Can Solana’s $1T DEX volume help SOL push prices past $200?Solana surpasses $1 Trillion in 2025 DEX volume as whales accumulate and perps volume surges by about 234%.
Read more »
Solana breaks above $180: Is SOL on the path to outshine Ethereum?Solana has flipped key resistance into support as greed returns. On-chain signals and ETH rotation hint at a potential push toward $200.
Read more »
Solana: 2 reasons why SOL is stronger now than before its ATHSOL eyes a breakout as reduced resistance, cleared leverage, and a bullish setup show potential for a potential surge to new all-time highs.
Read more »