Solana (SOL) Rebounds Amid Strong On-Chain Activity and Bullish Chart Signals

Solana (SOL) regained momentum over the weekend, climbing from a low of $147.13 to a session high of $152.94 before settling near $151.77. The 3.95% intraday rebound suggests renewed bullish sentiment, supported by a spike in on-chain activity and technical confirmation of a double bottom pattern near $147.50.

A key indicator, Coin Days Destroyed (CDD), surged to 3.55 billion—its third-highest reading of 2025—signaling the movement of long-held tokens and increased investor engagement. The price bounce also aligned with a return to a short-term bullish channel on the 6-hour chart, where rising volume on green candles supported the upward move.

However, Solana faces immediate resistance around $152.85, a zone where sellers previously capped gains. A breakout above this level could open the door to the $155–$157 range. Conversely, $150.85 serves as near-term support following a minor pullback triggered by a bearish engulfing pattern on the hourly chart.

Despite technical strength and robust network fundamentals, macroeconomic uncertainties—including U.S.–China tariff tensions and rising global bond yields—continue to inject volatility into crypto markets. Still, Solana’s resilience and growing on-chain activity hint at sustained investor interest and potential for further gains if key resistance levels are cleared.

With SOL hovering above $150 and maintaining a bullish structure, traders are eyeing the $153 breakout zone as the next inflection point. A close above it would reinforce the bullish reversal narrative and potentially accelerate the move toward higher targets in the short term. Investors should monitor volume dynamics and macro headlines as they could influence near-term price action.