Solana Pulls Back but Long-Term Holder Accumulation Puts $200 Back on the Table$SOL

Solana (SOL) dropped by 10% last week due to weak market sentiment, but its long-term holders (LTHs) are increasing their positions.

Glassnode data shows a decline in SOL's vitality, indicating reduced selling by long-term holders and increased confidence in SOL's long-term prospects.

If LTH accumulation continues, SOL could recover and aim to break resistance at $195.55, targeting $200. Solana's price performance was affected by the slow momentum of the broader market over the past week. With trading sentiment leaning towards caution, SOL lost 10% of its value in the past seven days. Solana holders are accumulating despite the weak price

Glassnode data has shown a continuous decline in SOL's vitality since August 16. It began to decline after peaking at 0.7656, confirming a decrease in selling among investors who have held SOL for more than 155 days.$SOL #BinancSquare I hope for your support and follow-up