Solana Faces Mixed Whale Signals, $155 Resistance Crucial for Rally

Solana (SOL) Faces Mixed Whale Sentiment, Key Resistance at $155 Could Make or Break Recovery

Solana Sees Conflicting Whale Moves as Dormant Coins Stir and Technicals Weaken

Solana (SOL) is showing a fractured picture of market sentiment with whales taking opposite positions over the last 24 hours:

• One whale staked 61,838 SOL, signaling belief in Solana’s long-term upside

• Another whale unstaked and sold 44,539 SOL, realizing profits worth $649K

This stark divergence reflects a split in confidence among large holders, contributing to ongoing market uncertainty fueled by reactive retail traders.

Dormant SOL Awakens: Third-Highest Coin Days Destroyed Spike in 2025

A notable on-chain metric highlights repositioning by long-time holders: Solana recorded a Coin Days Destroyed (CDD) spike of 3.55 billion, the third largest this year after spikes on February 26 and March 3.

• This indicates large volumes of dormant SOL moving, often signaling strategic profit-taking or portfolio reshuffling

• If these coins flow toward exchanges, selling pressure could increase, pressuring prices lower

Overconfident Bulls and Short Squeeze Dynamics

Data from Binance reveals a bull-heavy market, with:

• 75.89% of traders in long positions

• Long/Short Ratio at 3.15, indicating strong bullish bias

• Recent liquidations show $1.73 million wiped from shorts vs $96,000 from longs, reflecting a short squeeze driving prices up

While this momentum has helped the price bounce, such skewed positioning can lead to a violent reversal if buying pressure dries up.

Technical Overview: SOL Struggles Below Key Moving Averages

Despite recent rebounds, SOL trades at $148.71, below critical short-term averages:

• 9-day MA: $154.91

• 21-day MA: $165.31

• RSI at 36.84, flirting with oversold territory, confirming fragile momentum

The presence of a bearish moving average crossover further signals downside risk, suggesting sellers still hold the edge.

Open Interest on Solana futures dropped by 4.26% to $380.16 million, pointing to cautious positioning and potential profit-taking among leveraged traders.

Resistance Cluster Between $148 and $155 Could Stall Recovery

Binance’s Liquidation Heatmap highlights a thick resistance zone between $148 and $155, with dense liquidation clusters trapping longs.

• This zone has acted as a ceiling during recent price rallies

• Failure to clear $155 may trigger a cascade of long liquidations and stall upward momentum

A clean break above $155 could quickly accelerate gains and open the path to higher targets.

Summary: Watch $155—Pivot Between Rebound or Retreat

• Whale staking shows some bullish conviction, but profit-taking and dormant coin activity suggest caution

• Technicals remain weak, with SOL below key MAs and a bearish crossover in play

• Heavy resistance near $155 forms a critical test for the bulls

• A decisive move above $155 could ignite a strong rally, while rejection may lead to sharp pullbacks

Traders and investors should monitor price action around $148–$155 closely, as it will likely dictate SOL’s near-term trajectory.

Georgi Shopov publication: "Solana Faces Mixed Whale Signals, $155 Resistance Crucial for Rally" was written for 24crypto.news

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