Solana on the Brink of a Reversal

🟣Over the past eight days, Solana’s price has dropped from $176 to $141, raising concerns among investors. A key warning sign has been the behavior of long-term holders — instead of accumulating, they have begun offloading their positions, marking the largest outflow in two months. This shift suggests a significant reassessment of SOL’s prospects, especially with the persistent “death cross” on the chart.

🟣Technically, the price is stuck below the $154 resistance level, and only a decisive breakout above it could trigger a move toward $161. For now, indicators and the actions of large holders point to a continuation of the downtrend, with a potential pullback to $136. Solana needs a strong bullish catalyst to shift market sentiment and regain investor confidence.