- SOL breaks resistance at $140, setting sights on the $165 range.
- Whale profits exceed $153M after four years of strategic staking.
Solana (SOL) trades at $154.82, up 5.43% over the past 24 hours, supported by substantial trading volume. The price has steadily climbed from $146.73, surpassing a key resistance at $140. Market capitalization now stands at $80.11 billion, reinforcing confidence among investors. Whale movements and upcoming financial products contribute to the bullish narrative.
Source: Coinmarketcap
According to Lookonchain, a well-known whale recently unstaked 100,000 SOL, worth approximately $13.9 million, and deposited the tokens into Binance. This marked the first major unstaking from the address in four years. The investor originally staked 991,079 SOL at around $27 per token.
Despite this move, the wallet still holds 1,191,664.86 SOL in active staking contracts, valued at about $166.37 million. Blockchain records show the whale’s transactions began four years ago, indicating a calculated long-term approach. Analysts note that the profit from the original stake now exceeds $153 million.
The whale’s actions highlight the importance of patience and well-timed exits in the Solana ecosystem. Blockchain analytics platforms tracked the full transaction history, adding transparency to the movement. As the price of SOL rises, early adopters continue to see substantial returns on long-term positions.
Price Chart Signals Bullish Pattern with Resistance Ahead
The current Solana price chart shows an upward trend, building bullish momentum as the token moves toward the $155–$165 resistance zone. Analysts observe that SOL broke through consolidation near $140, signaling strong buyer demand. Trading volume supports this trend, suggesting sustainability.
Source: TradingView
Technical indicators show possible resistance around $155. If the price fails to hold above this level, a pullback to $121 support is likely. Analysts suggest watching for confirmation above $155 before entering new positions. If the current momentum continues, the next price target is $165.
Traders remain cautious as the market could face near-term corrections. However, the strength of the current rally suggests that Solana may continue to attract attention from institutional and retail buyers. Volume data adds credibility to the current move.
Previously, as reported by Coincryptonewz, Uniswap Labs CEO Hayden Adams stated that Solana is the best blockchain for building layer-1 DeFi applications. He credited the platform’s core team and development roadmap, contrasting it with Ethereum’s evolving rollup model. Adams’ comments emphasized Solana’s strengths in scalability and architecture.
Meanwhile, Canada’s Ontario Securities Commission (OSC) approved the first spot Solana ETFs. Major firms like Purpose, Evolve, CI, and 3iQ received the green light to launch these products. Bloomberg’s Eric Balchunas reported that the ETFs will integrate staking through TD, offering higher yield and cost-efficiency.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
