Important collection restaurants
Long -term holders double on Solana despite the recent fall in price. Data suggest that SOL may be close to a local soil.
Solana [SOL] Perhaps loses height in the charts, but long -term holders have clearly not received the memo. Instead of panic sales, they have stacked coins with great confidence.
And with the most recent sellers who lock losses, the worst may already be behind us.
Long -term holders load as the price drops
The recent price dip of Solana has not made its long -term holders.
On the contrary, Glassnode -data revealed an increase of 102% in Hodler Net Position Change since 30 July, a sign of trust among seasoned investors.
Source: Glassnode
This statistics reflects the net change of 30 days in companies by long -term participants.
Of course, such spikes tend to signal accumulation. Despite falling prices, more coins go to cold storage, hinting in strategic positioning instead of panic outputs.
Capitulation zone in sight
The realized profit/loss ratio for SOL fell on 2 August to 0.15 to 0.15 – the lowest in 30 days.
Source: Glassnode
That figure shows the most recent sellers who have been lit at a loss. Historically, these rinsers happen in capitulation style near cycle bottoms.
With fewer holders who are willing to sell under water, downward pressure can illuminate.
If the patterns from the past are true, this can mark the final phase of the drawing, making the stage set for SOL to stabilize and eventually return to the back of the reduced sale.
Momentum slows down, but buyers peek into
After a brutal series of red candles, Sol finally shows signs of recovery.
The last daily candles hinted during a potential break, even when it was actively struggling below $ 165. The RSI was 41.65, closer to the sold -to -selling area, so the exhaustion of the disadvantage can be close.
Source: TradingView
In the meantime, based on a steady decrease, the selling of volume loses steam.
Although it is too early to call a reversal, the graph suggests that sellers are tiring and a change in sentiment can soon open the door for a rebound.