Buyers Return to Solana, Pushing SOL Higher From the $147 Level

Solana’s SOL Rebounds Above $151 as Technical Signals Strengthen and On-Chain Activity Surges

Solana’s native token SOL mounted a strong recovery on Saturday, climbing back above $151 after briefly dipping to $147.13. The rebound comes amid growing investor interest and notable on-chain movement, even as global market volatility continues to temper broader sentiment.

At the heart of the recovery is a sharp rise in Coin Days Destroyed, which surged to 3.55 billion, marking its third-highest level in 2025. The metric, which tracks the movement of long-dormant tokens, suggests long-term holders are re-entering the market—often interpreted as a sign of shifting conviction.

From a technical standpoint, the bounce off $147 confirms the formation of a bullish double bottom on the 6-hour chart, supported by rising trading volume and a re-entry into a short-term ascending channel. The move lifted SOL as high as $152.94, reflecting a 3.95% intraday gain.

SOL now faces resistance at the $152.50–$153.00 zone, an area where sellers previously emerged. A breakout above that level could pave the way toward the next upside target between $155 and $157.

Despite Solana’s strong network fundamentals and improving price structure, macroeconomic pressures remain in focus. Ongoing U.S.–China trade tensions and rising global bond yields continue to inject uncertainty into crypto markets, limiting risk appetite for some investors.

Technical Snapshot:

Price Recovery: From $147.13 low to $152.94 high (+3.95%)
Chart Pattern: Double bottom near $147.50 indicates bullish reversal potential
Resistance Zone: $152.50–$153.00, with breakout targeting $155–$157
Volume Trend: Bullish channel confirmed with rising buy-side activity
On-Chain Shift: Coin Days Destroyed surged to 3.55B
Short-Term Pullback: Price dipped 0.48% in final hour to close at $151.77
Support Level: $150.85 highlighted as near-term downside cushion
Hourly Chart: Bearish engulfing pattern suggests brief consolidation risk

Solana’s rebound reflects improving short-term sentiment and increased engagement from long-term participants. Whether it can sustain momentum hinges on breaking resistance and weathering continued global macroeconomic pressure.