Solana Price Prepares For Volatility Explosion

Solana has been rangebound for nearly four weeks, trading within a tight horizontal structure between $77 and $88. The altcoin has repeatedly tested both support and resistance without establishing a decisive trend, compressing volatility and leaving investor behavior to determine the next move.

On-chain metrics show daily new addresses rose by 1.4 million over the past 12 days to 8.6 million, signaling renewed onboarding and added liquidity that can support price stability and breakout attempts. The HODLer net position change reveals resilience among long-term holders: accumulation has slowed but remains net positive, though a shift to distribution could quickly increase downside pressure.

SOL is trading at $85 at the time of writing and Bollinger Bands are converging, signaling a volatility squeeze that often precedes significant expansion. A bullish breakout above $88 could target $97, and a sustained move above $97 would put Solana back above $100.

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