#solana
Market Overview (latest update)
Price action: SOL is hovering around $149.75, fluctuating intraday between ~$143 and $152 .
Technical snapshot:
Binance reports SOL trading in the $143.4–$145.8 zone with daily forecasts focusing near ~$144.5 and weekly forecasts around ~$145 .
According to technical charts, SOL encountered resistance near $150 after bouncing from $137. The medium‐term trend remains bullish, though a pullback to around the $145 area or deeper toward $120–$137 is possible .
🔥 Sentiment & On‑Chain Dynamics
Bullish positioning: 76% of traders are currently long, creating a long/short ratio above 2.8—indicative of strong bullish sentiment .
Ecosystem strength: Over 11 million transactions in the past week—the highest in 20 weeks—have reinforced trader confidence .