Important Highlights
- Despite the 10% decline, long-term investors are investing more SOL in their portfolios because they have faith in the company’s future.
- The data shows LTHs are moving coins into long-term storage, rather than selling them off.
- Solana could hit $200 if LTH accumulation continues, but it will need more liquidity and capital inflows to push through that level.
Solana’s Price Drops, But LTHs Are Staying Calm
Solana took a 10% hit in the last week, and yes, it definitely attracts people’s attention. With the market overall feeling a bit flat, SOL has followed suit. But here is interesting part: Long -term holders (LTS) are not nervous. Rather than dumping their coins, many are seeing this drop as an opportunity to buy more.
They’re not fazed by the current dip; they’re holding strong and even doubling down on their positions.
LTHs are usually in it for the long run. They’ve been around long enough to know that crypto markets go through ups and downs.
While other values will be reacting to the dip, holders are wondering where Solana may be in the next few months or years. Therefore, even if the market is feeling dull, these investors still see the capacity in Solana.
Solana’s Price Drop Could Be a Great Buying Opportunity for LTHs
Instead of selling off, LTHs are doing the opposite—they’re adding more SOL to their portfolios. Glassnode data withdraws it, showing that less long term holders are selling their coins, and choosing to catch or accumulate more.
Liveness metric, which tracks how long the solana is being moved by the holders for a long time, has been continuously falling since mid -August.
This indicates that most parts of LTH are not in the crowd of cashing, which is a sign of confidence in the future of tokens.
More good news: from August 16 to 18, Glassnode’s Hodler Net Position Change increased by 64%. This demonstrates that rather than being sold off, more SOL is being transferred into long-term storage.
For LTHs, this price dip isn’t a sign to panic—it’s simply a chance to buy more at a better price. If they keep up this accumulation, it could help trigger a price rebound sooner rather than later.
Could Solana’s Price Hit $200 Again? Here’s What Needs to Happen
If LTHs continue to buy, Solana might just find itself on the path to recovery. The first big hurdle is breaking through the $195.55 resistance level.
If Solana can carry forward the past, $ 200 may occur within 200 access. And killing $ 200 will be an important milestone, especially if it can build speed from there.
From that point, it might even make a run toward the $219.21 high it saw back in February. But let’s not get ahead of ourselves—Solana still needs a bit more than just LTH support.
The broader market needs to show some signs of life too. This indicates that the capital flow is slowing down, Solana’s Chaikin Money Flow (CMF) is currently a negative trend.
In the absence of fresh liquidity entering the market, Solana might find it difficult to build momentum over time. As a result, even though LTHs are contributing, Solana needs some new funding to advance.
What Will Happen to Solana Next?
Finally, the direction that Solana takes largely depends on its long term holders. Even with value drops, lths are made of confidence and are increasing their positions, which is a positive sign for the future of tokens.
However, if Solana wants to break and climb through $ 200 obstacles, it will only require more than LTH support. There is a need to improve the market as a whole, and more capital will need to flow.
If the liquidity improves and the investor feels changes, the solana can see a solid reversal. But without fresh money entering space, Solana may take a little longer to return to high prices.
