$SOL is back at the $141–$145 zone, and the market's behaving differently this time. Previously, hitting this level triggered 15–16% corrections. Now? Just a 3–4% dip before buyers stepped in. That's a shift in behavior worth noting.
From a technical standpoint, Solana is trading above all its major moving averages—20, 50, 100, and 200—which hasn't happened since September. That kind of alignment usually signals momentum, but there's a catch: on-chain activity is fading. New wallet creation dropped from around 30M weekly at the top to just 7M now, which raises questions about whether this strength is sustainable or just technical positioning.
If we see a high-volume daily close above $145, the path to $165–$180 opens up. But if it stalls here, we're probably looking at more range-bound action while the network activity catches up—or doesn't.
