Core Insights - Solana's price has experienced volatility, currently down 10% over the past week but maintaining a slight three-month gain of about 2%, indicating a potential for a stronger bounce if key resistance levels are cleared [1] Short-Term and Long-Term Holder Dynamics - Short-term holders are increasing their accumulation of SOL, with wallets holding the token for one to three months rising from 14.61% to 18.46% in just two weeks, a 26% increase [2] - Long-term holders are still selling but at a reduced rate, with the Hodler Net Position Change metric remaining negative, indicating ongoing outflows from older wallets [3][4] - The reduction in selling pressure from long-term holders, combined with active buying from short-term holders, supports the potential for a stronger price bounce [5] Price Structure and Technical Indicators - The Solana price is currently within a falling wedge pattern, which typically resolves upward, suggesting a potential breakout [7] - A bullish divergence in the Relative Strength Index (RSI) indicates improving momentum, as the RSI has made higher lows while the price has made lower lows, hinting at a possible trend reversal [8] - Historical patterns show that similar bullish divergences have previously led to significant rebounds, such as a 13.4% increase from $174 to $197 [8]