Solana's price experienced a significant 12% intraday increase, driven by aggressive dip buying. According to NS3.AI, this comes despite recent losses in the cryptocurrency's value. However, on-chain data reveals a slowdown in the accumulation by long-term holders, which could impede a sustained recovery. While momentum indicators suggest that selling pressure might be overextended, the inability to reclaim the $100 mark could result in Solana remaining range-bound or potentially declining further.
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