SOL Jumps Above $151 as Technical Rebound Aligns With Dormant Token Activity

Solana’s SOL token rallied on Saturday, bouncing from a key support at $147.13 to reclaim the $151 level amid a notable uptick in both technical momentum and on-chain signals.

The move comes as Coin Days Destroyed surged to 3.55 billion—its third-highest reading in 2025—indicating renewed activity from long-term holders. The spike coincided with a clear double bottom formation around $147.50 and a return to a bullish channel on the 6-hour chart.

Intraday, SOL peaked at $152.94, posting a 3.95% gain before pulling back slightly to $151.77. Immediate resistance sits at $152.85–$153.00, where selling pressure has previously stalled upside attempts. A successful breakout above this zone could accelerate the next leg higher toward $155–$157.

Still, short-term caution remains: a bearish engulfing pattern has appeared on the hourly chart, and $150.85 is emerging as near-term support.

Key Metrics at a Glance:

• Price Range: $147.13 – $152.94 (3.95% intraday gain)
• Chart Pattern: Double bottom confirmed; bullish 6-hour structure
• Resistance: $152.85–$153.00
• Support: $150.85
• On-Chain Shift: Coin Days Destroyed at 3.55B—third-highest in 2025
• Last Trade: $151.77

While broader macro risks persist—ranging from U.S.–China trade tensions to rising bond yields—Solana’s rebound suggests a technical and behavioral shift worth watching.