Fifth note of musical scale
Despite the dull of global macroeconomic headwinds, a renewed strength was shown on Saturday due to rebounds from a low of $ 147.13 to trade above $ 151. On-chain activity has recovery between a spike, 3.55 billion this year during the coin days-its third largest level has been destroyed-reflects the movement of dormant tokens for a time.
From $ 147, bounces confirmed a rapid double bottom pattern, supported by rising volume and a return to a short-term fast channel on the 6-hour chart. Solana is now facing overhead resistance near $ 152.85, where the vendors had first step, but one step above that level can open the door towards the $ 155- $ 157 area.
While Solan’s network fundamentals remain strong, the broad macro environment injects instability in the crypto markets, weighing the ongoing US-China tariff disputes and increasing global bond yields on investor’s trust.
Technical analysis highlights
- Sol rallored from $ 147.13 to $ 152.94, received 3.95% intraday.
- Formed near the double bottom of $ 147.50, reverses a possible tendency.
- Resistance is developing at $ 152.50- $ 153.00, capping upwards.
- The Bullish Channel was seen on the 6-hour chart, in which the volume is increasing on green candles.
- It was destroyed up to 3.55 billion during coin days, its third largest reading in 2025.
- The price fell slightly from $ 152.51 to $ 151.77 (0.48%) in the previous hour.
- The hourly chart indicates the pattern of recession; $ 150.85 is near-period support.
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