> At a Glance
> – Solana trades near $140, up 2% in 24h and 11% over seven days
> – Analysts eye $146 as the pivotal level that could decide next move
> – Whale wallets add longs; 3-day MACD flashes first buy signal since April
> – Why it matters: A sustained break above $146 could end the corrective bounce and reignite the uptrend
Solana’s price sits just below a make-or-break resistance zone while whales load up and momentum indicators turn bullish for the first time in months.
The $146 Hurdle
Analyst Man of Bitcoin warns the recent climb is still a corrective wave. He notes that while SOL remains beneath $146, the door stays open for a fresh leg down toward $118-$107. A daily close above $146-$149 would invalidate the bearish count.
Longer-Term Momentum Builds
On the 3-day chart, the MACD has crossed bullishly for the first time since SOL traded near $95 in April-a signal that preceded the last strong rally.
CryptoCurb commented:
> “$200+ with haste”
Whale and Institutional Flows
On-chain data show large wallets expanding positions:
- Whale long positions are rising, according to CW
- Stablecoin supply on Solana tops $15 billion, signaling fresh capital
- ETF-style vehicles now hold 28 million SOL worth $3.81 billion, per CryptoBusy
Key Takeaways
- $146 is the line in the sand; a close above shifts odds to bulls
- Whale accumulation and institutional appetite remain strong
- First 3-day MACD buy signal since April hints momentum is turning
Traders now watch for a decisive break of $146 to confirm whether the corrective bounce is over or simply pausing.
