Whale Influence Hits Solana – Will SOL Climb Back to $160?

Whale actions reveal mixed sentiment, splitting long-term bets and profit-taking on Solana.

Dormant SOL waking up signals potential market shift or increased selling pressure.

Technical resistance near $155 challenges bulls aiming to push SOL back to $160.

Solana whales’ activity has sparked curiosity and tension in the market. One whale just staked a massive 61,838 SOL, signaling belief in a bright future. Meanwhile, another unloaded 44,539 SOL, cashing out nearly $650,000. This clash between accumulation and profit-taking shows a split mood among big players. With such high stakes, traders wonder: can Solana power past $160, or is trouble brewing?

Whale Moves and Dormant Coins Wake Up

The contrasting whale actions reveal mixed signals. Some whales hold firm, placing big bets on Solana’s future. Others sell to lock in gains, wary of slipping prices. This tug of war keeps markets jittery, with retail investors reacting to every twist. Adding fuel to speculation, Solana experienced a massive spike in Coin Days Destroyed, hitting 3.55 billion — one of the largest this year.

This suggests long-dormant tokens woke up and started moving. When inactive coins rouse, it often signals strategic reshuffling by big holders. If these reactivated coins flood exchanges, prices might face serious downward force. Traders need to watch carefully for signs of profit-taking or structural market changes. The next moves by whales could decide whether Solana’s climb stalls or soars.

Technical Headwinds and Resistance Challenges

On the technical front, Solana shows a mixed picture. The recent price rebound settled around $148.71, just below key moving averages at $154.91 and $165.31. The Relative Strength Index (RSI) at 36.84 edges toward oversold territory, revealing weakening momentum. Unless bulls retake control above these averages, sellers hold the advantage. Open Interest in Solana futures dropped by 4.26%, signaling traders are reducing leveraged bets.

This cooling sentiment pairs oddly with a strong 75.89% long position ratio, showing some traders are overly confident. The imbalance could lead to sudden reversals if buying power fades. The Liquidation heatmap highlights heavy resistance between $148 and $155. This price zone has blocked recent rallies, acting as a barricade of trapped long positions. Failure to break through this barrier might trigger cascading liquidations, dragging prices down swiftly.

On the upside, breaking $155 could unlock a fast rally toward $160 and beyond. However, this requires bulls to push with volume and conviction. The large CDD spike suggests the market is reshuffling more than steadily building strength, making the path ahead tricky. For now, Solana stands at a crossroads shaped by whale behavior, technical hurdles, and shifting trader sentiment. While some big players double down, others retreat to secure profits. Resistance levels loom large, and technical signals advise caution.