Solana Holds Strong at $150, Eyes Breakout to $200
Key Takeaways
- Solana (SOL) is currently trading around 150 USD – a critical resistance level.
- While short-term profit-taking is occurring, long-term investors are showing clear buying interest.
- Key metrics such as SOPR and HODLer Net Position indicate structural strength.
- A breakout above 150 USD could pave the way toward 200 USD in the medium term.
Solana: Between Resistance and New Opportunity
Solana has shown a remarkable recovery in recent weeks. After hitting a low of 95 USD in early April, the price has rebounded by about 58% and now sits around 150 USD. This is not only a psychologically important level but also a technical resistance point that will determine whether the price can continue to rise or fall back again.
Why the 150 USD Level Is Critical
The 150 USD price range represents a so-called “supply wall” – an area with high selling activity. This is where supply and demand meet most intensely. Current data shows that many investors are taking profits in this range. This is confirmed by the SOPR (Spent Output Profit Ratio) indicator, which is currently above 1. This means: coins are being sold at a profit.
At the same time, Net Realized Profit and Loss (NRPL) is positive – an indication that the market as a whole is in profit. Despite these selling activities, the price remains stable. This points to strong demand that is absorbing the selling volume.
Large Transactions and Market Behaviour
Another indicator of current market dynamics: the platform Pump.fun recently transferred over 105,000 SOL worth approximately 591 million USD to the exchange Kraken. Of this, more than 264,000 SOL have already been sold at prices around 158 USD – with a realized profit of about 41.6 million USDC (a stablecoin pegged to the US dollar).
Despite these massive sales, Solana’s price remains stable. This signals structural strength and a healthy market condition.
Long-Term Investors Show Confidence
In addition to short-term selling, there are also clear signs of long-term confidence in Solana. On May 2, three newly created wallets withdrew a total of 145,000 SOL worth around 21.8 million USD from Kraken. The average entry price was about 150 USD. Such movements indicate accumulation – targeted purchases with a long-term perspective.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Africa Slots: Best African-Themed Slot Machines
Reading time: ~ 3 minutes
-
Gold Slots – Best Slot Machines With a Gold Theme
Reading time: ~ 3 minutes
-
Versus Odds B.V. Casinos
Reading time: ~ 3 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 3 minutes
The “HODLer Net Position Change” indicator is also back in positive territory. This means: long-term investors are buying more than they are selling again. After a phase of heavy selling during the price drop to 95 USD, this is a clear sign of growing confidence.
Market Psychology as a Driving Force
The current sideways movement, combined with positive fundamentals and buying behaviour, points to a psychological pattern: many investors do not see the current situation as a risk, but as an opportunity. The combination of stable price structure, institutional accumulation, and positive sentiment among long-term investors suggests that a breakout above 150 USD is possible in the medium term.
Our Assessment
Solana is currently at a decisive point. The 150 USD range is a resistance in the short term, but a potential entry opportunity in the long term. The data shows: despite profit-taking, demand remains high. Long-term investors are accumulating, which indicates confidence in future developments.
If you’re invested in Solana or considering entering, you shouldn’t view the current price movements in isolation. The structural strength and behaviour of market participants suggest that the 150 USD level is not the end of the line – but possibly the starting point for the next upward trend.
Sources
- Glassnode
- Kraken
- Pump.fun
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency