Solana Reversal Holds, but One Rising Metric Warns of 7–10% Pullback

Solana price has been under pressure for weeks and remains down roughly 13% over the past month, yet a potential reversal is forming. Between January 28 and March 1 the price made a lower low while the RSI printed a higher low, creating a bullish divergence, and long-term holders increased their net position change from 642,906 SOL to 819,114 SOL by March 3 — about a 27% rise.

The token managed roughly a 10% rebound and is trading above the March 1 swing low while action flirts with the 20-day EMA, a level whose reclaim in January preceded a near 17% rally. Countering that setup, short-term holder NUPL has recovered from −0.71 to −0.49 since February 23, a roughly 31% improvement.

Historically, similar NUPL recoveries have preceded 7–10% pullbacks: when NUPL moved to about −0.50 on February 24, Solana fell from near $88 to $82, and an earlier rise toward −0.70 in February saw a drop from about $87 to $78.

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