đ„ Solana at a Make-or-Break Moment â Is a Major Rally Loading?
$SOL has been heating up ever since the Solana Mobile Seeker started shipping globally, sparking a 9.6% bounce from recent lows. It briefly touched $171 before settling into its local range.
Since the April-May breakout, SOL has traded between $140â$180, with attempts to reclaim previous highs. After peaking at $206 two weeks ago â the highest in five months â the token has retraced 25%, now hovering in the mid-range near $160â$164.
đ According to UTXO Realized Price Distribution:
Key support lies at $165 â home to the largest supply cluster (44.4M SOL).
Failing to reclaim this zone could flip it into resistance, risking further downside.
To push higher, SOL needs to break above $177 and $189, where investors are stacked.
đ Analysts suggest a final dip toward $150 support could precede the âreal move.â This level has already triggered major bounces in April and June.
With calls for a new all-time high this quarter, the question now is:
Is Solana about to ignite its next leg up â or are we due one more shakeout first?