Solana’s Accumulation Phase Signals Potential Price Rebound as New Wallets Enter Amid Dip
Despite Solana's recent price decline, on-chain data reveals a significant influx of new buyers, particularly short-term holders. The 3-month HODL Waves chart indicates a 30% rise in wallets holding SOL for 1 day to 1 week—a pattern reminiscent of May's reversal setup. This accumulation suggests trader conviction is building even as prices cool. The $175-$180 support zone remains critical for SOL's next directional move, with historical patterns hinting at a potential rebound if this level holds. Analysts are watching closely to see if this surge in new wallet activity will mirror May's subsequent price recovery, making the current dip an intriguing opportunity for market participants.
New Wallets Buy Solana While Price Slips—Is a Bounce Around the Corner?
Solana's recent price dip has not deterred new buyers, with on-chain data revealing a surge in short-term holders. The 3-month HODL Waves chart shows a 30% increase in wallets holding SOL for 1 day to 1 week, mirroring a pattern seen in May that preceded a reversal. This accumulation suggests growing conviction among traders despite the cooling price action.
The $175 to $180 support zone remains a critical level to watch, as it forms a strong cluster that could catalyze a rebound. Historical parallels and current wallet dynamics hint at potential for upward momentum, though market participants remain vigilant for deeper losses if this support fails.
Solana Price Dips Below $180 as Bearish Momentum Intensifies
Solana (SOL) extended its decline on Friday, slipping below the critical $180 support level after a failed attempt to sustain earlier gains. The asset had briefly touched $205.34 on Tuesday—its highest since February 14—before shedding nearly 12% by Thursday. Market data reveals a cascade of liquidations totaling $101.38 million from Wednesday through Friday, with $57 million occurring in the past 24 hours alone. Long positions accounted for 86.79% of the wipeout, underscoring excessive bullish leverage.
On-chain metrics amplify the bearish signal. CryptoQuant's Spot Taker CVD—a measure of buy-sell pressure—trends negative and downward, confirming sell-side dominance. The liquidation heatmap now points to further downside risk, with traders unwinding overleveraged bets amid deteriorating sentiment.
Unilabs Rally Challenges Solana's Dominance as Presale Gains Momentum
Unilabs, an AI-driven asset management platform, is making waves in the crypto market with its presale raising over $6.6 million, selling $1.13 billion tokens in stage four. This performance has drawn attention away from Solana, which is currently testing key support levels between $182 and $189 after a recent pullback from $208.
Technical indicators for solana present a mixed picture. The RSI shows cooling from overbought territory, while MACD signals bearish crossovers. Bollinger Bands suggest potential consolidation around $175–$183. Despite these short-term challenges, analysts note bullish patterns like ascending triangle breakouts and exchange outflows that could fuel a rebound.
The looming possibility of expedited SOL ETF approvals adds another LAYER of intrigue to the market dynamics. Yet Unilabs' presale success demonstrates how emerging projects can capture investor interest even amid major ecosystem developments.
Unilabs Finance Touted as 'Solana Slayer' Amid 50x Growth Predictions
Unilabs Finance is emerging as a focal point in the crypto market, drawing comparisons to Solana's early trajectory. Analysts highlight its potential to mirror SOL's historic breakout, with some projecting a 50x surge this cycle.
The project's momentum coincides with Solana's renewed bullish performance, prompting investors to scout for high-growth alternatives. Market observers note similar technical patterns and ecosystem development that preceded SOL's ascent.
