Solana Sees Increased Long-Term Holder Accumulation Amid Price Decline and Support Test

Key Points

1. Solana's price fell 14% last week, but long-term holder accumulation has risen, signaling potential for a rebound.

2. The Liveliness metric dropped to 0.76, its lowest weekly level since July 25, indicating reduced activity of dormant tokens and increased long-term holding.

3. Solana's Hodler Net Position Change increased by 102% since July 30, reflecting growing accumulation by long-term holders.

4. The Realized Profit/Loss Ratio dropped to 0.15 on August 2, its lowest in 30 days, suggesting selling at a loss, often associated with market bottoms.

5. Solana is currently trading at $160.55, holding above critical support at $158.80, with potential resistance near $176.33 and lower support at $145.90.