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Solana price remains under pressure as several market signals continue to weigh on any rebound. On-chain data shows steady exchange inflows, while loss-taking has persisted for months. Long-term holders have also resumed accumulation, helping SOL stay above a key support area.
SOL price continues to trade in a narrow range. Buyers have defended support, but they have not shown enough strength to sustain a stronger recovery. Weak sentiment and firm resistance still stand in the way of a move back to $100.
Solana has remained in consolidation for several weeks, with price action holding below the $91 level. This range reflects continued caution after the extended decline from the higher levels seen late last year. While price has stabilized, the broader structure still shows that sellers retain influence.
One of the bearish signals comes from the exchange net position change data. Glassnode data show SOL moving into exchanges consistently for nearly a month. This pattern often suggests that investors are preparing to sell rather than accumulate. When it continues for weeks, it usually adds pressure to any recovery attempt.
The cautious signal appears in Solana’s Spent Output Profit Ratio, or SOPR. According to data, the metric has stayed below 1.0 since mid-October 2025. A reading below that threshold means many coins are moving at a loss. In most cases, this reflects a market where holders are reducing exposure instead of waiting for better prices.
The data also shows repeated selling near the 1.0 level. Each time SOPR tries to recover above this mark, stronger selling returns and ends the move. This pattern has created a persistent barrier for the Solana price and helps explain why rallies have failed to extend toward $100.
Despite those bearish signals, long-term holders have provided support. The supplied HODLer Net Position Change data shows that older wallets returned to accumulation after a short period of selling. This shift matters because long-term holders often help stabilize prices during weaker market phases.
Their renewed buying has supported the $81 area, which has acted as a firm base since late February. At the same time, Solana has continued to face resistance around $91. This has left SOL trading within a defined band, with neither buyers nor sellers showing enough strength to take full control.
This balance has helped prevent a sharper breakdown, but it has also limited upside. Buyers have absorbed part of the selling pressure, yet they have not pushed the price through resistance. As long as this structure remains in place, Solana may continue trading between support and resistance instead of moving into a stronger recovery phase.
A reversal in long-term holder behavior remains the main downside risk. If those investors begin reducing exposure again, the $81 support area could weaken. In that case, Solana price could fall toward the $76 level, which would damage the current recovery setup.
Short-term technical indicators have started to improve. In a recent market update, analyst Ali Martinez noted that Solana’s SuperTrend indicator turned bullish for the first time since early January. The signal appeared after SOL stabilized in the $75 to $80 demand zone following months of steady decline.
The daily chart showed the price slowing its fall as it approached that support area. Solana then moved sideways between roughly $79 and $85, which suggested that buyers were becoming more active. The same chart also showed an attempt to challenge horizontal resistance near $91.81, adding to signs of stabilization.
Even so, the broader weekly picture remains weak. TradingView analysis shows SOL still trading below its 20, 50, 100, and 200 exponential moving averages, which sit between about $118 and $143. These levels continue to act as overhead resistance and keep the larger trend under strain.
Also Read: Is Rising ETF Demand a Bullish Signal for Solana?
