What to know:

  • SOL
    rebounded nearly 4% from support at $147.13, forming a double bottom
    that suggests strengthening momentum, according to CoinDesk Research's
    technical analysis model.

  • Price action formed resistance at $152.85, with volume rising on upward moves and 3.55 billion Coin Days Destroyed recorded.

  • Geopolitical
    risks, rising government bond yields and concerns over global economic
    slowdown due to the tariff war remain key macro drivers affecting
    short-term crypto sentiment.

SOL

$151.21
showed renewed strength Saturday as it rebounded from a low of $147.13
to trade back above $151, despite lingering global macroeconomic
headwinds. The recovery comes amid a spike in on-chain activity, with
Coin Days Destroyed surging to 3.55 billion—its third-highest level this
year—indicating movement of long-dormant tokens.

The bounce off
$147 confirmed a bullish double bottom pattern, supported by rising
volume and a return to a short-term bullish channel on the 6-hour chart.
Solana now faces overhead resistance near $152.85, where sellers
previously stepped in, but a move above that level could open the door
toward the $155–$157 zone.

While
Solana’s network fundamentals remain strong, the broader macro
environment continues to inject volatility into crypto markets, with
ongoing US-China tariff disputes and rising global bond yields weighing
on investor confidence.

Technical Analysis Highlights

  • SOL rallied from $147.13 to $152.94, gaining 3.95% intraday.

  • Double bottom formed near $147.50, signaling a potential trend reversal.

  • Resistance is developing at $152.50–$153.00, capping upward momentum.

  • Bullish channel seen on 6-hour chart, with volume rising on green candles.

  • Coin Days Destroyed spiked to 3.55 billion, its third-highest reading in 2025.

  • Price dropped slightly in the last hour from $152.51 to $151.77 (0.48%).

  • Hourly chart shows bearish engulfing pattern; $150.85 is near-term support.

#sol $SOL

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