Solana's trading around $160–161, down 1–3% over the past 24 hours. The token remains roughly -14% from last week’s high, while still up 5–6% year-over-year.
Key Metrics
Market Cap: $86B–$87B
24h Volume: $4.5B–$4.8B
Circulating Supply: 538M SOL
ATH: $293 Jan 2025
Market Highlights
This week, SOL dropped roughly 12% from the $206 peak, including a 4% decline today.
A large whale recently transferred 108,000 SOL $17.7M to major exchanges suggesting a potential sell-off and fueling bearish momentum.
Institutional investors remain active: $367M worth of SOL was moved off exchanges last week, led by DeFi Dev Corp’s addition of 181k SOL, bringing their stake to $218M.
Technical & Sentiment Outlook
A classic cup & handle pattern is forming on the weekly chart, positioning analysts to target a potential run to $300 if key resistance is broken.
Price action faces a test of the $160–170 support zone, while $180–188 remains a key resistance. Breaking above could enable a move toward $210–220. Low turnover in new wallet growth and ongoing long-term holder sell-offs suggest caution.
Despite short-term selling triggers, smart money accumulation continues especially from whales and institutions looking to scoop dips.
Summary Table
Metric Value
Current Price $160–161 1–3%
Market Cap $86B
24h Volume $4.5B–4.8B
7-Day Performance −12%
1-Year Performance +5–6%
Support $160–$170
Resistance $180–$188 → $210–$220
Sentiment Accumulation despite bearish signals
Always DYOR
