Solana trades near $90 while long-term Solana accumulation persists among investors, who are taking advantage of a historical undervaluation. According to Glassnode data, the network shows technical signs of a bottom, suggesting a structural bullish setup despite recent recorded losses, which could lead to an expansion toward $156.
Despite the asset facing sustained distribution pressure, the Market Value to Realized Value (MVRV) ratio stands at 0.65, placing the cryptocurrency in an extreme territory of undervaluation not seen since late 2023. This metric, being below unity, indicates that most current holders possess underwater positions, significantly reducing sell-side urgency from the participants.
Investor Resilience Amid SOL Volatility
The resilience of participants is manifested through behavior that prioritizes patience over capitulation, noting that the realized price remains above the current spot value. From December 2025 to date, investors have managed to absorb approximately 5 million SOL, reaching an investment of 455 million dollars amid market weakness.
This constant buying trend, which recalls patterns observed during the March 2025 cycle, demonstrates that long-term Solana accumulation is a dominant strategy among large participants in the ecosystem. Thus, capital rotation seems to be replacing panic, consolidating a support base that has historically preceded significant medium-term trend reversals.
Moreover, the current technical configuration shows a descending wedge on the daily timeframe, whose structure bears a notable symmetry with previous bullish cycles that generated considerable price expansions. However, to validate this recovery scenario, it is imperative for the asset to reclaim the $104 level as support, confirming a potential upside breakout toward higher targets.
Can Solana break the technical resistance to reach new highs?
If the price manages to consolidate above $122, the projected technical target of the wedge would suggest a potential 31 percent rally to seek the $156 zone soon. However, the outlook carries inherent risks, as a definitive loss of the critical $83 level would invalidate the current recovery thesis, exposing the asset toward $75.
Likewise, trend continuity will depend on capital inflows not reversing, maintaining the wedge structure that currently guides technical analyst sentiment. It is expected that, if support holds, long-term Solana accumulation will act as the necessary catalyst for a macro shift, allowing SOL to regain global market confidence following the correction.
