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Solana Price: Why existing SOL holders are crucial now
Solana is struggling to recover after a recent price decline. The SOL price remains below the resistance at 130 USD. The altcoin is trying to stabilize, but the momentum remains uncertain.
Unlike previous rallies driven by new inflows, the next movement depends primarily on existing Solana holders and less on new market participants.
Solana holders show strong nerves
On-chain data shows early signs of stabilization. The Chaikin Money Flow has significantly increased in recent days. Although the indicator is still below the zero line, the rise suggests that capital outflows are slowing down.
Unlike previous rallies driven by new inflows, the next movement depends primarily on existing Solana holders and less on new market participants.
Solana holders show strong nerves
On-chain data shows early signs of stabilization. The Chaikin Money Flow has significantly increased in recent days. Although the indicator is still below the zero line, the rise suggests that capital outflows are slowing down.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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