Solana Near $100 as Long-Term Holders Pull Back, Downside Risk Rises
Solana has remained under sustained pressure after a prolonged decline and is trading near $103, holding just above the $100 support level aligned with the 161.8% Fibonacci extension.
Long-term holders are reducing accumulation: HODLer Net Position Change has trended lower with receding green bars, while HODL Waves show wallets that accumulated one to three months ago declined by 5% as the share aged three to six months rose by 4.5%.
Momentum indicators reflect oversold conditions and a technical bounce toward $107 remains possible, but broader data and macro signals point to downside risk toward $95 unless $107 flips into support; a sustained move above $107 could open the path toward $118.
solana, near $103, $100 support level, 161.8% fibonacci extension, long-term holders, reducing accumulation, hodler net position change, receding green bars, hodl waves, one to three months, three to six months, declined by 5%, rose by 4.5%, oversold conditions