Solana’s Momentum Builds as SOL Tests Critical $145 Resistance

Solana (SOL) is showing strong signs of a potential breakout as it approaches a key resistance level at $145. With whale accumulation and increased network activity fueling its upward momentum, traders are closely watching for a confirmed move beyond this critical threshold. Here’s a detailed analysis of SOL’s current market position and what might lie ahead.

Solana: Breakout or Breakdown? SOL Hits Key $145 Level

Solana’s [SOL] market momentum is accelerating, with whale accumulation and network activity supporting a breakout attempt above $145. After trading in a descending channel for weeks, SOL has broken out and was trading just below a strong resistance zone between $138 and $145. At press time, SOL was trading at $138.13, up 3.00% daily and over 40% monthly, showing growing momentum. Traders remain cautious, awaiting a confirmed move before increasing positions.

Solana Price at $139 Outperforms Major Altcoins

Solana (SOL) is trading at $139, quietly outperforming major altcoins due to fresh institutional demand and strategic long-term accumulation. Janover Inc., now DeFi Development Corporation, has added $5 million worth of SOL to its treasury, bringing its total to 83,084 SOL valued at $9.6 million. This marks Janover’s second major Solana buy, reflecting a 109% jump in SOL-per-share value to $6.59. The aggressive accumulation follows an April leadership shake-up where ex-Kraken executives took over, raised $42 million, and pivoted the firm toward Solana staking and DeFi infrastructure.

Solana Sees Uptick In Whale Activity – Accumulation Signal?

Solana is showing signs of strength after weeks of heightened volatility. As the broader crypto market stabilizes, Solana has managed to approach a critical resistance level. Recent on-chain data from Glassnode reveals a notable shift in whale activity, with the number of wallets holding more than 10,000 SOL increasing by 1.53% over the past week. This suggests that larger holders may be accumulating ahead of a possible breakout.

Solana Price At Crossroads: $129 Support, $144 Resistance Set Stage For Next Big Move

Solana’s price action over the past 24 hours has been marked by a decisive move above the $135 level, hinting at growing bullish momentum. This breakout follows days of sideways movement between $124 and $135. However, significant resistance awaits NEAR $144, which may serve as the next major test for bulls. Crypto analyst Ali Martinez noted that the current trading range between $129 and $144 is crucial for Solana’s future direction.