Solana Holders Turn Crash Into Opportunity With One Pattern Pointing to $550+
Solana (SOL) has stayed surprisingly regular whereas most large-cap cash struggled to discover stability after the latest crash. Over the previous 24 hours, the Solana value has slipped simply 1.8%, in contrast to 4.8% for BNB and over 2% for XRP and Dogecoin.
The token has already rebounded by greater than 20% from its post-crash lows, suggesting the “Black Friday” jitters have eased. With each holders and merchants exhibiting renewed conviction, Solana now seems poised for a bigger transfer — one that would stretch effectively past present ranges.
Long- and Short-Term Holders Are Both Accumulating
On-chain information exhibits that each long-term and short-term traders have been actively positioning — signaling confidence in Solana’s recovery and long-term power.
The Holder Net Position Change, which tracks how a lot long-term holders are shopping for or promoting, stays damaging however is enhancing quick. Between October 3 and October 14, long-term holders minimize their web promoting from about 11.4 million SOL to 6.1 million SOL — a 46% discount.
Even throughout the October 10 “Black Friday” crash, when short-term worry spiked, the metric continued enhancing — suggesting that promoting slowed whilst costs dipped. This shift doubtless helped Solana rebound greater than 20% from its lows and regain the $200 zone.
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While the indicator hasn’t but flipped to web accumulation, it highlights how long-term traders are easing off on promoting strain and positioning for power.
Meanwhile, short-term holders are exhibiting clear accumulation conduct, in accordance to the HODL Waves indicator. The 1-week–1-month cohort elevated its holdings from 11.1% on September 14 to 12.65% by October 14, regardless of briefly trimming throughout the crash. The 1-month–3-month group additionally grew its share from 12.74% to 16.83%, one of many sharpest jumps amongst main cash.
The HODL Waves indicator tracks how a lot of a coin’s provide is held by wallets of various holding durations, serving to establish accumulation or distribution tendencies.
Together, these shifts present each conviction and self-discipline — long-term holders decreasing exits, and short-term merchants quietly shopping for the dip.
One Channel Pattern Could Unlock $550+ for Solana Price
From a technical standpoint, Solana has been trading inside a broad ascending channel since June 22. Each main swing has revered this construction, with the final transfer between June and September producing a 100% acquire.
For now, resistance stands at $227 and $250, whereas a confirmed breakout above $287 would sign a breakout from the channel. Fibonacci extension projections then level towards $346, $453, $540, and even $599, ought to momentum keep intact.
This falls within the 100%+ zone projection, per the ascending channel goal math, which particularly factors to a Solana price of $551.
Support stays robust close to the $190 area, the place consumers have constantly stepped in. As lengthy as Solana holds this vary, the broader construction stays bullish. However, a every day candle dip underneath $190 can push the Solana value in the direction of new lows.
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