🟣Solana continues its uptrend despite recent selling by long-term holders (LTHs). The Liveliness metric shows rising activity from dormant wallets, reflecting caution among veteran investors and short-term pressure on price. Even so, SOL held above $206 and quickly recovered, signaling strong market interest in extending the rally.
🟣Short-term holders are stepping in to absorb supply, with their share of the circulating supply at a five-month high. This support has kept SOL hovering near $209 and preserved the chance to test resistance at $214–$221. A successful breakout could pave the way toward $232, while a dip below $206 risks reviving bearish sentiment.