The NUPL measurement for Solana (SOL) has revealed a cautious sentiment among long-term investors, reflected in current values ranging from 0.4 to 0.6. While some holders remain in profit, the dip in SOL’s price aligns with increasing anxiety, suggesting a strong connection between investor sentiment and market behavior.

Solana has recently broken out from an inverse head-and-shoulders pattern, hinting at a bullish reversal. If SOL surpasses the $173.81 resistance level, it could see a potential rise of about 6% to $180. However, caution is necessary as failure to maintain the breakout level could lead to further downward pressure.