The Solana Price has cooled after a strong August. Over the past seven days, it has traded flat, and in the last 24 hours, it slipped 1.1%. By contrast, monthly gains still stand near 26%, and three-month gains are about 35.8%. For traders reading this to see if the SOL Price can repeat those August-style gains, the answer may be disappointing. On-chain data shows profit booking is heavy, and another metric has quietly turned bearish. Together, these raise doubts over how fast Solana can move higher from here. Two Metrics Hint At Active Selling On-chain data shows that the percentage of supply in profit is still very high for Solana. As of September 3, nearly 95% of Solana holders were…
Source: beincrypto.com — Read the full article
