Bitcoin Holds Ground Above $105K Amid Escalating Tensions Between Trump and Musk

SOL Snaps Back Above $151 as Dormant Whales Stir and Bulls Regain Control

Solana’s SOL token staged a swift and decisive recovery on Saturday, rallying from a low of $147.13 to reclaim the $151 mark, as long-dormant wallets sprang to life and bullish traders stepped in amid broader market unease.

At the heart of the move was a dramatic surge in Coin Days Destroyed, which soared to 3.55 billion, its third-highest reading of the year. This rare on-chain event points to older holders moving funds—often a sign of shifting market positioning or strategic accumulation.

Technically, SOL’s bounce carved out a bullish double bottom near $147.50, a classic reversal signal that gained strength as trading volume spiked and price action pushed back into a short-term ascending channel on the 6-hour chart. The rebound peaked at $152.94, marking a 3.95% intraday gain before a modest dip to $151.77.

Buyers now face a familiar ceiling around $152.85–$153.00, where sellers have historically applied pressure. A breakout above this range could reignite momentum toward the $155–$157 zone. However, a bearish engulfing candle on the hourly chart signals possible hesitation in the near term, with $150.85 as the next key support.

Snapshot:

Low to High: $147.13 → $152.94 (+3.95%)
Chart Signal: Double bottom with rising volume confirms short-term bullish setup
Resistance Zone: $152.85–$153.00
Support Watch: $150.85
On-Chain Activity: Coin Days Destroyed hits 3.55B, signaling movement from long-term holders
Market Context: Recovery comes despite continued macro headwinds, including U.S.–China trade tensions and rising bond yields

While global conditions remain unstable, SOL’s latest move hints that market participants may be positioning for further upside—if key resistance levels break and whales continue to stir.