Solana’s SOL Rebounds as Dormant Token Movement and Bullish Chart Pattern Drive Price Above $151
Solana’s native token SOL recovered sharply on Saturday, rising from a session low of $147.13 to reclaim levels above $151, as renewed technical momentum and significant on-chain shifts supported the bounce.
The upward move was underscored by a surge in Coin Days Destroyed, which spiked to 3.55 billion, the third-highest reading in 2025, indicating that long-idle tokens are back in motion. This activity often reflects early-stage repositioning by long-term holders and can precede broader market moves.
SOL’s price action confirmed a bullish double bottom near the $147.50 level, supported by climbing volume and a return to a short-term rising channel on the 6-hour chart. The token peaked at $152.94, registering a 3.95% intraday gain, before consolidating at $151.77.
Overhead resistance is now seen at $152.85–$153.00. A clean break above this level could open the door to the $155–$157 region. On the downside, early signs of buyer fatigue are emerging, with a bearish engulfing pattern spotted on the hourly chart. Short-term support sits at $150.85.
Key Levels to Watch:
- Rebound Range: $147.13 → $152.94 (+3.95%)
- Support: $150.85
- Resistance: $152.85–$153.00
- On-Chain Alert: Coin Days Destroyed hits 3.55B
- Trend Setup: Bullish pattern confirmed on mid-term timeframes
Despite persistent macro headwinds, including U.S.–China tariff tensions and rising bond yields, Solana’s network remains fundamentally strong—and traders appear to be rotating back in, as price structure improves and dormant wallets come alive.
