New Month, Same Solana Story? Price Bounce Faces Profit-Taking Risk
Solana (SOL) is at the moment buying and selling a notch above $210, up 3.09% at the moment and practically 30% greater month-on-month. Yet, regardless of the robust share beneficial properties, merchants may not have felt the rally in full. Pullbacks have been sharp, and the Solana value has struggled to maintain momentum, flattening out throughout the $205–$215 vary.
As a brand new month begins, the acquainted Solana story may repeat: one other native high going through the danger of profit-taking.
NUPL Signals Profit-Taking Risk
The Net Unrealized Profit/Loss (NUPL) metric measures the general profitability of the market by evaluating present costs to the associated fee foundation of cash. Rising NUPL signifies extra holders are in revenue, which frequently coincides with durations of profit-taking.
Over the previous day, Solana’s NUPL has climbed about 15.4%, shifting from 0.26 to 0.30 and forming one other native peak. Previous peaks have persistently aligned with corrections. On August 28, when NUPL topped out, Solana slipped from $214 to $205 — a drop of 4.2%. Earlier, on August 13, NUPL reached 0.30, and costs corrected by nearly 8%.
Now, with NUPL as soon as once more approaching a neighborhood high, and Solana’s price hovering close to $210, the setup suggests one other wave of profit-taking may emerge. But what if we instructed you that cashing out has already begun?
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Hodler Net Position Change Turns Negative
The Hodler Net Position Change tracks whether or not long-term holders — wallets that usually accumulate for months — are including or decreasing positions. A constructive studying indicators accumulation, whereas a detrimental one signifies long-term holders are cashing out.
At current, Solana’s Hodler Net Position Change has dropped sharply into the purple, crossing under –1.5 million SOL. This exhibits long-term traders are decreasing publicity at the same time as costs pattern greater — a bearish divergence.
History reinforces this threat. In June 2025, the same dip into detrimental territory coincided with Solana’s price correction. Only when the metric flipped again to constructive did the rally resume. That sample suggests the present purple studying may deepen Solana’s pullback until hodler conviction returns.
Solana Price Action and Money Flow Confirm Weakness
The Solana value motion displays the identical hesitation. Solana trades simply above $210 after a 30% month-to-month rise, however has been unable to transform bounces into full-fledged rallies. Key draw back ranges sit at $194 if $204 breaks, and decrease if promoting accelerates.
A clear breakout above $215–$220 could be wanted to increase the uptrend and invalidate the correction-specific outlook.
The Money Flow Index (MFI) — which measures inflows and outflows of capital relative to cost — provides one other cautionary signal. Although MFI climbed alongside Solana’s current price bounce, it has since trended decrease as the value pulled again. This divergence suggests weaker dip shopping for: new cash isn’t flowing in aggressively to assist greater costs.
The lack of dip-buying adopted by long-term traders cashing out, all whereas unrealized earnings keep high, marks a dangerous trifecta for the Solana value.
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