SOLANA price analysis

Now SOLANA (SOL) is experiencing a difficult period: the price is moving in the side trend. The coin is faced with a resistance of $ 213.04, and support remains at $ 200.09.

It is interesting that, despite the sluggish dynamics, the onchain-data show the accumulation of a bull impulse, in which short-term holders (STH) participate.

The mood on Solana changes from surrender to careful confidence

According to Glassnode, the Hodl Waves metric, which tracks the time for holding the coins, shows that short -term holders are becoming more active. Investors who hold coins from one to three months now control 13.22% of the SOL circulating offer, increasing their reserves by 11% since the beginning of September.

In addition, the STH NET Unrealized Profit/Loss (NUPL) metric for SOL shows that the mood is improving. At the time of writing, it is 0.118, which indicates the restoration of confidence among investors – that is, the market mood has moved to the zone between hope and fear.

According to Glassnode, this indicates that, although short -term holders are no longer in a state of surrender, their confidence has not yet been obsessed, and they are careful about possible kickbacks.

SOL Forecast: In which direction the price will go

Prices often depend on the actions of short -term holders. If they continue to accumulate SOL, this can increase the purchasing pressure and raise the price above the current resistance of $ 213. If the price successfully overcome this level, it will receive a chance to reach $ 218.

If short -term holders will begin to sell, SOL risks falling below $ 200.43. Then the price of a coin can decrease to $ 191.75.

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