SOL confirmed renewed energy Saturday because it rebounded from a low of $147.13 to commerce again above $151, regardless of lingering international macroeconomic headwinds. The restoration comes amid a spike in on-chain exercise, with Coin Days Destroyed surging to three.55 billion—its third-highest degree this 12 months—indicating motion of long-dormant tokens.
The bounce off $147 confirmed a bullish double backside sample, supported by rising quantity and a return to a short-term bullish channel on the 6-hour chart. Solana now faces overhead resistance close to $152.85, the place sellers beforehand stepped in, however a transfer above that degree might open the door towards the $155–$157 zone.
Whereas Solana’s community fundamentals stay robust, the broader macro setting continues to inject volatility into crypto markets, with ongoing US-China tariff disputes and rising international bond yields weighing on investor confidence.
Technical Analysis Highlights
- SOL rallied from $147.13 to $152.94, gaining 3.95% intraday.
- Double backside fashioned close to $147.50, signaling a possible development reversal.
- Resistance is growing at $152.50–$153.00, capping upward momentum.
- Bullish channel seen on 6-hour chart, with quantity rising on inexperienced candles.
- Coin Days Destroyed spiked to three.55 billion, its third-highest studying in 2025.
- Price dropped barely within the final hour from $152.51 to $151.77 (0.48%).
- Hourly chart exhibits bearish engulfing sample; $150.85 is near-term help.
