Solana is facing strong resistance around $150. While the sales of long-term investors (LTH) put pressure on the price, the interest of new investors continues to grow, but this situation makes it difficult for the price to rise.

Temporarily, long-term investors had shifted from selling to accumulation, but this process was short-lived, and net position changes turned negative again. This development indicates that selling pressure may increase.

Although the price of Solana is struggling at the $150 level, breaking this resistance and having $152 become a support level will be an important indicator that the uptrend is continuing.

Although Solana is trying to recover after the losses earlier this month, the selling tendency of large investors is pressuring the price. However, the optimism of new investors is maintained, and a price increase is expected in the short term.

Selling Tendency of Long-Term Investors

Last week, long-term holders (LTHs) shifted from selling to buying, giving hope for the price. However, this change was short-lived, and net positions returned to negative levels. This indicates that LTHs have resumed selling and downward pressure on the price may increase.

Considering that long-term investors hold a large portion of the market supply, selling movements are significantly affecting Solana’s price dynamics. If this trend continues, it is possible for the price to decline further in the coming days.

Increasing Interest of New Investors

On the positive side, there is a significant increase in the number of new addresses joining Solana. This indicates a rising interest in the altcoin. The interest of new investors reflects the confidence in Solana's potential, and this optimism may support the price recovery despite volatility.

Price Performance and Technical Outlook

At the time this article was written, Solana is trading at around $146 and has gained 5.6% in the last 24 hours. However, the $150 resistance continues to be a significant barrier. Unless strong bullish signals come, it seems difficult for Solana to break this resistance and hold above it before the third quarter begins.

It is possible for the price to fluctuate around $144 or to pull back to $136. This may be a consolidation period where investors expect to clarify the overall market trend.

On the other hand, if the overall market follows a positive trend, it is expected that Solana will break the $150 resistance and then convert $152 into a support level. In this case, the bearish scenario will be invalidated, and a strong bullish movement may begin.

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