Solana’s Next Bounce Could Be Big — But a 20% Move May Be the Rally Trigger
BeInCrypto
Solana's price shows signs of a potentially strong bounce, supported by short-term accumulation and easing long-term selling pressure.Summary
Solana's price has been volatile, down 10% recently but maintaining a small three-month gain. On-chain data indicates that short-term holders (1-3 months) have increased their SOL accumulation by about 26% over two weeks, absorbing selling pressure from long-term holders whose outflows have sharply decreased by 59%. Chart analysis shows Solana is in a falling wedge pattern with a bullish divergence on the RSI, suggesting improving momentum despite lower price lows. A 15% rise from $184 could push SOL to $213, but a confirmed rally requires a 20% move to $222 to break the wedge pattern. A drop below $172 would invalidate this bullish structure.
(Source：BeInCrypto)