Solana Bulls Lose Steam With Sellers in Control
Analysts warn that the forces that powered its surge are fading, leaving SOL vulnerable.
Profit-Taking on Overdrive
The majority of wallets are still sitting on substantial gains, and that’s becoming a problem. With nearly nine out of ten holders in profit, selling pressure has intensified — a setup that historically caps rallies rather than fuels them.
Short-Term Players Exit
Investor behavior shows the same story: coins held for just weeks or a few months are being cashed out. Their share of supply has fallen steadily since mid-August, evidence that traders are locking in returns instead of holding for higher prices.
READ MORE:
U.S. Non-Farm Payroll Data is Out – What it Means for Bitcoin
Inflows Dry Up
Meanwhile, fresh money isn’t replacing what’s leaving. Market flow data indicates that large buyers and institutions have largely stepped back. Prices may be testing higher levels, but without new demand, sellers face little resistance.
Where SOL Could Go Next
For bulls, $218 is the hurdle to clear — a breakout above it would challenge the bearish outlook. On the downside, supports cluster around $194, with additional cushions near $186 and $173. Unless buying appetite returns, the odds of a deeper pullback are rising.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
The post Solana Bulls Lose Steam With Sellers in Control appeared first on Coindoo.
You May Also Like
Best Crypto to Buy Now Before Market Moves Higher
Paxos launches new startup to help institutions offer DeFi products
