Solana Price Struggles Below $130 As Existing Holders Determine Short Term Momentum

TLDR

Table of Contents

Solana trades near $126 with recovery relying on existing holders amid weaker inflows
Chaikin Money Flow rises, showing selling pressure is slowing on Solana
New Solana addresses fall 11.3% in ten days, reducing fresh market demand
Key resistance at $130 is critical for short-term momentum and price stability

Solana’s recovery attempts have shown limited progress as the price hovers below $130, with momentum largely reliant on current holders. While new address growth has slowed, on-chain indicators suggest selling pressure may be easing. Analysts note that existing SOL holders now play a key role in stabilizing price movements, highlighting the importance of capital retention during periods of weak inflows.

Current Holders Show Resilience

On-chain data indicates early signs of stabilization as the Chaikin Money Flow (CMF) has risen over recent days. The indicator remains below the zero line, yet the upward trend shows capital outflows are slowing, which could support recovery.

Market observers note that declining outflows often precede stronger inflows. If current holders maintain positions and accumulation continues, SOL may respond to renewed buying pressure more quickly. This behavior underscores the role of existing holders in supporting short-term price stability.

Recent data from Glassnode shows the number of new Solana addresses decreased from 6.077 million to 5.390 million, an 11.3% drop over ten days. The decline suggests lower speculative interest and a slower pace of new investment.

Falling network participation indicates that fresh demand is limited, putting greater emphasis on current holders to maintain price levels. Analysts say that without a notable increase in new addresses, recovery largely depends on the behavior of existing investors.

Price Consolidation and Short-Term Targets

At the time of writing, Solana trades near $126, remaining below the $130 resistance level. Price movement has shown consolidation, reflecting a balance between selling pressure and accumulation. Analysts highlight that reclaiming $130 is essential for a shift in short-term momentum.Solana Price Struggles Below $130 As Existing Holders Determine Short Term Momentum

🚨 #Solana at a breaking point 🚨$SOL is hanging just above $125 — a level that’s held for over a year.
But momentum is fading, sellers are in control, and the charts are flashing warning signs.
If this support snaps… sub-$100 could come fast 👀
Is a bounce still possible —… pic.twitter.com/7ImqJwdpm9
— CCN (@CCNDotComNews) December 17, 2025

Sustained buying from current holders combined with any inflows could lift SOL toward this key resistance. However, achieving a breakout above $130 would require continuous support rather than short-term speculative spikes. Price stability in this range is largely influenced by holders’ willingness to retain and accumulate SOL.

Potential Downside Risks

Downside risks remain if selling resumes or sentiment weakens. A breach below the $123 support level could expose $118 as the next key level. Analysts caution that losing this support would invalidate a short-term bullish outlook.

Investors are monitoring CMF and wallet activity to assess holder confidence. The interplay between capital retention and price consolidation provides insight into the likely trajectory for SOL. Existing holders’ behavior will remain a major factor in shaping market dynamics until fresh demand increases.

Outlook and Market Importance

Solana’s short-term price movements depend significantly on the decisions of current holders amid weaker new address growth. On-chain metrics indicate reduced selling pressure, providing a window for potential recovery.

Analysts emphasize that existing SOL holders play a stabilizing role, and sustained accumulation is critical to supporting the price. Any meaningful recovery above $130 requires combined efforts from both holders and renewed inflows.