The post Solana Price Bounce Faces Fresh Profit-Taking Risk appeared on BitcoinEthereumNews.com. Solana (SOL) is currently trading a notch above $210, up 3.09% today and nearly 30% higher month-on-month. Yet, despite the strong percentage gains, traders might not have felt the rally in full. Pullbacks have been sharp, and the Solana price has struggled to sustain momentum, flattening out within the $205–$215 range. As a new month begins, the familiar Solana story could repeat: another local high facing the risk of profit-taking. Sponsored Sponsored NUPL Signals Profit-Taking Risk The Net Unrealized Profit/Loss (NUPL) metric measures the overall profitability of the market by comparing current prices to the cost basis of coins. Rising NUPL indicates more holders are in profit, which often coincides with periods of profit-taking. Solana Traders Sitting On Profits: Glassnode Over the past day, Solana’s NUPL has climbed about 15.4%, moving from 0.26 to 0.30 and forming another local peak. Previous peaks have consistently aligned with corrections. On August 28, when NUPL topped out, Solana slipped from $214 to $205 — a drop of 4.2%. Earlier, on August 13, NUPL reached 0.30, and prices corrected by almost 8%. Sponsored Sponsored Now, with NUPL once again approaching a local high, and Solana’s price hovering near $210, the setup suggests another wave of profit-taking could emerge. But what if we told you that cashing out has already begun? Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Hodler Net Position Change Turns Negative The Hodler Net Position Change tracks whether long-term holders — wallets that typically accumulate for months — are adding or reducing positions. A positive reading signals accumulation, while a negative one indicates long-term holders are cashing out. Long-Term Solana Investors Are Cashing Out: Glassnode At present, Solana’s Hodler Net Position Change has dropped sharply into the red, crossing below –1.5 million SOL. This… The post Solana Price Bounce Faces Fresh Profit-Taking Risk appeared on BitcoinEthereumNews.com. Solana (SOL) is currently trading a notch above $210, up 3.09% today and nearly 30% higher month-on-month. Yet, despite the strong percentage gains, traders might not have felt the rally in full. Pullbacks have been sharp, and the Solana price has struggled to sustain momentum, flattening out within the $205–$215 range. As a new month begins, the familiar Solana story could repeat: another local high facing the risk of profit-taking. Sponsored Sponsored NUPL Signals Profit-Taking Risk The Net Unrealized Profit/Loss (NUPL) metric measures the overall profitability of the market by comparing current prices to the cost basis of coins. Rising NUPL indicates more holders are in profit, which often coincides with periods of profit-taking. Solana Traders Sitting On Profits: Glassnode Over the past day, Solana’s NUPL has climbed about 15.4%, moving from 0.26 to 0.30 and forming another local peak. Previous peaks have consistently aligned with corrections. On August 28, when NUPL topped out, Solana slipped from $214 to $205 — a drop of 4.2%. Earlier, on August 13, NUPL reached 0.30, and prices corrected by almost 8%. Sponsored Sponsored Now, with NUPL once again approaching a local high, and Solana’s price hovering near $210, the setup suggests another wave of profit-taking could emerge. But what if we told you that cashing out has already begun? Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Hodler Net Position Change Turns Negative The Hodler Net Position Change tracks whether long-term holders — wallets that typically accumulate for months — are adding or reducing positions. A positive reading signals accumulation, while a negative one indicates long-term holders are cashing out. Long-Term Solana Investors Are Cashing Out: Glassnode At present, Solana’s Hodler Net Position Change has dropped sharply into the red, crossing below –1.5 million SOL. This…