Solana’s price is caught between stubborn buyers and active sellers, with neither side backing off. The coin is up 4.5% in the past 24 hours but still down 7% over the month, showing how every bounce gets met with selling pressure.

Now, on-chain and chart signals suggest this standoff may be nearing a turning point.

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Long-Term Sellers Slow Down, Short-Term Traders Shift Gears

The Hodler Net Position Change, which tracks whether long-term investors are adding or selling, remains negative — meaning Solana holders are still cashing out. But the pace of selling has eased sharply.

On October 3, long-term holders sold around 11.43 million SOL, compared to 4.55 million SOL on October 23. That’s a major 60% drop in selling pressure. They’re not buying yet, but they’re clearly slowing down, a pattern that often appears near local bottoms.

To see what short-term traders are doing, the HODL Waves metric breaks down supply by holding duration.

It shows that 1-week–1-month wallets cut their share from 14.88% on October 9 to 10.87% on October 23, suggesting traders might have been taking profits on small rallies.

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Meanwhile, the 1–month–3–month group raised its share from 15.21% to 18.66%, showing that slightly longer-term players are quietly buying dips.