Bitcoin Advances Near $107K While Trump Escalates Response in Los Angeles

Solana’s SOL Snaps Back Above $151 as Long-Term Holders Return and Technicals Align

Solana (SOL) bounced sharply on Saturday, recovering from a low of $147.13 to reclaim levels above $151, as traders reacted to a combination of favorable chart patterns and an on-chain signal spike.

Fueling the move was a jump in Coin Days Destroyed to 3.55 billion, its third-highest mark in 2025, indicating that dormant wallets — often belonging to long-term holders — are reactivating and moving tokens. This behavioral shift often accompanies accumulation or reallocation phases.

The rebound confirmed a double bottom around $147.50, with rising volume reinforcing the pattern. On the 6-hour chart, SOL re-entered a bullish ascending channel, briefly touching $152.94 before a minor pullback to $151.77.

Market focus now turns to resistance at $152.85–$153.00, a key ceiling from previous sessions. A breakout could open the door to $155–$157, though short-term charts show a bearish engulfing candle, suggesting a pause or brief retracement may come first. Support lies at $150.85.

Flash Recap:

Price Range: $147.13–$152.94 (+3.95%)
On-Chain Alert: 3.55B Coin Days Destroyed
Pattern Watch: Double bottom confirmed; bullish channel reengaged
Resistance Zone: $152.85–$153.00
Support Level: $150.85
Macro Backdrop: Recovery comes despite global market jitters and rising bond yields

Solana’s bounce appears technically and behaviorally driven — setting the stage for potential continuation if bulls can reclaim momentum above resistance.