Solana’s Price Locked in a Tight Triangle as Long-Term Holders Shift Strategy

Solana’s price hovers within a tight symmetrical triangle since mid-September, mirroring a fierce battle between buyers and sellers. Neither side has yielded any ground, but technical signals are converging to signal a shift is imminent. The next move could determine Solana’s trajectory for the coming weeks. 60% less long-term sales are observed, from 11.43 million SOL to 4.55 million. A significant increase in holdings by shorter-term investors (those holding for under 3 months) signifies a strategic accumulation phase during dips, hinting at a growing confidence in the long term.