Solana’s Reversal Setup Holds, Yet One Rising Metric Carries a 7–10% Warning
Solana shows a bullish reversal setup with long-term holder accumulation, but a rising short-term holder metric suggests a potential 7-10% price correction.Summary
Solana’s price has been under pressure recently, but a bullish divergence and increased accumulation by long-term holders suggest a potential reversal. However, a rising Short-Term Holder Net Unrealized Profit/Loss (NUPL) metric, indicating shrinking losses among short-term traders, historically precedes 7-10% price corrections. This risk is amplified by a significant supply cluster between $86.80 and $87.80, where many investors acquired their tokens. The price action is currently near a critical resistance zone of $86-$89; a decisive break above this level could signal a broader recovery, while failure to do so may result in a pullback towards $77, aligning with the historical correction pattern. The article emphasizes that while the reversal setup is intact, the path forward may be choppy.
(Source：BeInCrypto)