Solana Stays Below $90 as Recovery Signals Clash With Loss Selling

Solana has lingered below $90 after nearly two weeks of consolidation, with the token trading around $81 and confined between $78 support and $87 resistance. The sideways action reflects persistent uncertainty across the crypto market: on-chain indicators point to gradual improvement, but investor losses continue to weigh on sentiment.

The Spent Output Profit Ratio (SOPR) has ticked higher from the negative zone, suggesting realized losses are beginning to dissipate. Historically, moves above 1 during extended bearish stretches have marked the first wave of profit-taking and often triggered renewed volatility; the pattern has appeared twice in the past three months and was followed by fresh selling, so another climb above 1 could cap an immediate recovery.

Other metrics offer a mixed picture. The Chaikin Money Flow is rising yet remains below zero, implying outflows are easing but capital has not decisively returned.

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