Solana price consolidates with limited investor confidence. Stability in trading range lacks renewed accumulation. New Solana addresses decline by 23% in 4 days, signaling slowing momentum. Holder behavior cautious, waiting for clearer recovery signals. Exchange data shows shift from buying to selling pressure. $117 million worth of SOL enters exchanges, increasing available supply. Short-term holders may cap rallies with profit-taking. SOL price range-bound, $78 support key for avoiding downside risk. Breakout above $89 resistance could target $105 for structural recovery.

Read more at Yahoo Finance: Solana New Holders Drop by 2.3 Million, Will It Impact Price Recovery?