Solana Drops Below Realized Price—Will History Repeat Itself?

Solana price has fallen below its Realized Price for the first time in three years, raising concerns of a potential bear market. Historical trends suggest this metric has acted as a key market boundary.

Solana’s Breakdown Below Realized Price: A Bearish Signal?

Solana (SOL) has slipped below its Realized Price for the first time in nearly three years, signaling a potential shift in market sentiment. According to Glassnode’s on-chain data, SOL is now trading 8% below this key metric, suggesting that the average investor is currently in a net loss.

What Does the Realized Price Indicate?

The Realized Price is a crucial on-chain indicator that represents the average cost basis of all investors on the network. When the market price trades above this level, it means holders are in profit. Conversely, when the price falls below, the majority of investors are in the red.

Historical Perspective: What Happened Last Time?

Glassnode’s historical data reveals that the last time Solana’s price dropped below its Realized Price was in 2022, a move that preceded the start of a prolonged bear market. The concern now is whether this latest breakdown could signal a similar bearish phase for SOL.

This trend isn’t unique to Solana. The Realized Price has historically acted as a boundary between bull and bear trends for other digital assets as well, including Bitcoin.

Bitcoin’s Short-Term Holders Also Face Losses

A recent update from Glassnode highlights that Bitcoin’s short-term holder Realized Price—which reflects the cost basis of investors who bought within the last 155 days—has also fallen into negative territory.

This pattern suggests that short-term Bitcoin investors are now holding at a loss, which could increase sell pressure and indicate further downside risk in the broader crypto market.

Will Solana Follow the 2022 Trend?

Historically, breaking below the Realized Price has led to sustained bearish trends. However, there is also the possibility that SOL finds support and reverses course before deeper declines set in.

Some analysts argue that if Solana can reclaim its Realized Price level, it could reignite bullish momentum and prevent a prolonged downturn. However, failure to do so may confirm a longer-term bearish shift.

SOL Price Update

As of the latest data, Solana is trading at $124, marking an 8.9% decline over the past week. The broader crypto market’s recent correction has placed downward pressure on multiple assets, adding to the uncertainty around SOL’s price trajectory.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)