Glassnode on-chain data shows Solana selling (Realized Profit/Loss Ratio) has declined, indicating profit-taking has cooled. SOL trades inside a descending channel around $139 with immediate support at $135. RSI has rebounded to ~48 and Bollinger Bands are compressing, signaling reduced momentum and lower volatility. Key levels: clearing $145–$150 would signal a structural shift toward targets at $155 and $170; failing $135 risks a drop toward $125. Overall, consolidation is likely and a trend reversal depends on reclaiming resistance into year-end/early 2026.

Glassnode shows Realized Profit/Loss Ratio declining (selling cooled); price is in a descending channel near $139 with immediate support at $135; RSI ~48 and Bollinger Bands compressing indicate lower momentum/volatility; reclaiming $145–$150 is cited as necessary for a structural shift while failure of $135 risks a move to $125.