Solana (SOL) Price Rises as Hodler Conviction Returns, 16% Rally Still Needed
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Long-Term Holders Increasing: Since December 26, the supply held for 6 to 12 months has risen from 13.9% to 14.7%, indicating a return of confidence among long-term investors, which could drive prices higher.
- Decreased Short-Term Selling Pressure: The proportion of holders in the 1-day to 1-week category has dropped from 7.04% to 4.87%, suggesting that a reduction in short-term traders may slow down selling pressure, providing upward price movement space.
- Critical Price Range: Solana is currently fluctuating between $126 and $130, and a strong breakout above $149 could open targets at $169, $185, and potentially $201, while a drop below $116 could signal a bearish reversal.
- Decentralized Exchange Activity: Solana's decentralized exchanges have processed over $1.7 trillion in trading volume this year, indicating increased real trading activity, which provides a solid foundation for price stability.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






