Why do Solana holders maintain confidence in the market?

Solana stands out as one of the flagship assets of an optimistic crypto era marked by the return of Donald Trump. However, behind this bullish shine, everything is not so simple for SOL traders. Between maintaining positions by long-term investors and weak selling pressure, this altcoin seems to be arming itself for future increases. But how far can he really go?

Solana: An altcoin popular with long-term investors

Solana news: Glassnode data reveals that this crypto, currently valued at $224, attracts a base ofloyal investors who bet on the future. They don't just dream of a rally, they literally lock up their assetsthus constituting a stabilizing force for the market.

• 27% of the offer is now held by the group of investors who purchased between 6 and 12 months previously;
• Long-time holders strengthen their positionsupporting the idea that “ Solana's bullish adventure is far from over » ;
• Former speculators, meanwhile, took advantage of recent highs to cash in their gains, making way for more confident buyers.

“ The current market is showing a notable decrease in selling pressure, suggesting that those who wanted to offload SOL have already done so », indicated Glassnode.

So, while the majority of altcoins are faltering, Solana is enjoying singular momentum.

Crypto SOL: A rally towards the summits?

The gaze now turns towards an ambitious target: $264. According to analysts, SOL could cross the symbolic $235 mark to take off again. This objective is based on promising technical indicators :

• An RSI still far from overheating zones;
• A compression of prices which could give way in the face of an upward movement;
• Investors watching with hope the evolution of volumes.

However, caution remains in order. If Solana strives to climb new heightshe will have to convince the skeptics in the face of persistent volatility. Seasoned traders know that every move in the crypto universe is a battle between patience and haste.

Thus ends this panorama of a market torn between mixed signals and galloping ambitions. Solana, despite everything, retains its capacity to make people dream. Optimism is growing, particularly around a possible SOL ETF in the United States, which will further strengthen investors' hopes.