Pearl
ZKsync
Bitcoin
Starknet
Quantus
Puffer
Lighter
Key Insights:
- Recent whale deposits may increase selling pressure on the Solana crypto price.
- Solana faces resistance at $157, limiting upward movement.
- A breakout or retracement will determine Solana’s next price move.
Solana (SOL) price is currently at risk of retracement. Recently, Solana crypto has been experiencing substantial whale movement. One whale recently unstaked and deposited 66,330 SOL into Binance, worth $9,94 million.
It is a part of a bigger circle of deposits by the whale in 2025. The whale has already transferred 749,599 SOL, about $116.36 million, to Binance.
The movements of the whale occur at the time when Solana is trying to stall at resistance levels. In spite of this recent price tussle, SOL has not made much strength, breaking through the price barrier of $157.
It has proved to be a tough challenge at the recent trading exchanges. This scenario casts a doubtful light on the trend the Solana price will follow in the future. Whales usually indicate changes in the attitude of the market.
Solana Crypto Price Consolidated Around $150
As of press time, the Solana price was about $153 with a consolidation towards the $150 mark. The coin has been experiencing an upward movement over the last 24 hours, accumulating a 2.75% rise in price.
Nonetheless, it can be said that this expansion is not strong because the Solana crypto price is still resisting against the price point of $157. As the charts show, this level of resistance has been put to the test various times. However, SOL failed to overcome this level in one way or another.
4-hour charts show that the Solana crypto price is already trending towards a symmetrical triangle pattern. The upper and lower limits become comparatively narrow with the price moving around $153.40.
The formation suggests a possible volatility in the near term, because of the price being squeezed in a tight range. The soon-to-be breakout of this trend, either to higher heights or lower lows, will probably decide the next direction of the price action of Solana.
Solana Price Facing Resistance at $157
The $157 resistance has been a key issue of concern for Solana crypto. As indicated in the 4-hour chart, this price level has been denying any upside price action. It has pushed the asset to reverse on a number of occasions. SOL tested this level several times in early July but could not crack above it.
This resistance level overlaps with major market indicators, which also indicate that the price of Solana could be in a weak state. At the latest reading, the Relative Strength Index (RSI) was at 54.29. That meant SOL was in the neutral phase and did not reach the oversold or overbought status.
Even though this can imply that the price can go down or up, the failure to weaken the highs beyond the price of $157 indicates that the bulls may be losing grounds. That’s especially seen in the recent past attempts.
Also, the Volume Delta indicator shows a tendency in the reduction of the amount of buying pressure. It denotes that the recent price increase will not last much longer till the next injection of buying volume unless a new one is provided.
What’s Next for Solana Crypto?
Solana price currently stands at the crossroads. Although it has portrayed some improvements towards the upside, the fact that it has been unable to burst above the resistance level of the $157 mark may mean that a reversal is approaching.
The consolidation of the price around the mark of 150 also implies that the market is biding its time before a catalyst kicks in a positive or a negative trend in the life of the market.
In the future, several important technical data points will indicate a potential breakout of the symmetrical triangle formation. That may give the required boost to revisit the resistance of the $157 mark.
However, the massive whale activity and market forces suggest that Solana may not be able to break through this level in the near future.
The new whale activity may be the warning of the stagnation of prices or even the possible retracement effective to the support found at $140 if the selling campaign will become even stronger.
Besides all that, the Solana crypto price will be correlated with the situation in the cryptocurrency market as a whole, given the instability of Bitcoin or Ethereum.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
