3
Solana remains under sustained distribution pressure following a sharp sell-off, with price carving out a descending wedge on the daily timeframe. This structure closely resembles a setup seen in the prior cycle that preceded a meaningful upside expansion.
Beyond technical symmetry, on-chain valuation metrics are also signaling that SOL may be entering a basing phase as downside momentum continues to decelerate.
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Solana Holders Are Still Bullish
Solana’s Market Value to Realized…
