Ether Maintains Support Above $2,500 as ETF Inflows Highlight Investor Confidence

Solana’s SOL Recovers Above $151 as Technical Bounce Meets Long-Term Holder Activity

Solana’s native token, SOL, posted a sharp rebound on Saturday, rising from a low of $147.13 to trade back above $151, as on-chain data and technical indicators aligned to signal renewed bullish interest.

The recovery unfolded alongside a spike in Coin Days Destroyed, which climbed to 3.55 billion—the third-highest this year. This metric, often used to gauge the movement of long-held coins, suggests that previously inactive wallets are beginning to rotate capital, potentially in response to perceived value at recent lows.

Technically, the bounce off $147 confirmed a double bottom pattern, a classic reversal signal, now visible on the 6-hour chart. Rising volume and a return to a short-term upward channel lend additional support to the bullish case. SOL briefly touched $152.94 intraday before easing slightly to $151.77 in the final hour.

With sellers likely to emerge near $152.85–$153.00, the next key test lies in whether bulls can break through that ceiling. A successful move could unlock upside potential toward the $155–$157 zone. On the flip side, a bearish engulfing candle on the hourly chart points to possible short-term resistance, with $150.85 as the nearest support.

Market Snapshot:

Intraday Move: From $147.13 low to $152.94 high (+3.95%)
Pattern Formation: Bullish double bottom near $147.50
Key Resistance: $152.85–$153.00
Near-Term Support: $150.85
On-Chain Insight: 3.55B Coin Days Destroyed suggests dormant tokens are in motion
Current Price: $151.77, after slight pullback

Despite lingering global headwinds—from elevated bond yields to trade tensions between the U.S. and China—Solana’s technical recovery and on-chain awakening may hint at growing confidence among medium- to long-term holders.