Solana’s price movement is closely monitored as it approaches a key resistance level at $153.65. Recent whale activity, including a transfer of over 17,481 SOL to Kraken, has drawn attention. Despite a 1.74% decline over the past 24 hours, retail sentiment remains strong with a weighted sentiment reading of 1.81. Institutional sentiment, however, is more cautious at 0.88.
Development activity on Solana remains robust, with a reading of 25.81 as of April 27, 2025, indicating long-term growth potential. Social Volume has surged to 216, with Social Dominance at 8.3%, reflecting growing interest in the cryptocurrency. Technical indicators such as the MACD suggest a bullish divergence, supporting the possibility of a breakout. If SOL breaks through the resistance, the next target could be $180. Conversely, rejection at this level may lead to consolidation or a pullback.
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