Will Solana’s Price Recovery Be Challenging? Here’s What On-Chain Signals Suggest

Solana staged a sharp intraday recovery after recent losses pushed the price down earlier this week. SOL bounced strongly as the broader crypto market added nearly $200 billion in value, with aggressive dip buying preventing deeper losses and helping post a 12% daily gain despite lingering market uncertainty.

On-chain data shows long-term holder buying momentum is slowing: the HODLer Net Position Change has declined, signaling reduced accumulation from investors who typically support prices during downturns. This shift followed SOL’s sharp pullback over the past week and appears to have dampened long-term conviction, so a sustained recovery depends on whether long-term holders resume accumulation.

Momentum indicators suggest selling pressure may be nearing exhaustion.