Solana just saw a big move when a new wallet pulled two hundred thousand and one SOL off an exchange which is close to twenty eight million dollars. This kind of large withdrawal often means strong accumulation. It also removes supply from the market which can help price move higher. Solana is still trading inside a clear range and this steady buying from big holders shows early confidence before any major trend change.
Right now Solana is sitting near the upper edge of its range between one hundred twenty six and one hundred forty five. Buyers have defended this area many times. The price keeps making higher lows which is usually an early sign of strength. If Solana breaks above one hundred forty five with power it could open a path toward one hundred sixty eight where the next liquidity zone waits.
The momentum signs also look better. The MACD line has moved above the signal line. This shows buyers are starting to take control of short term momentum. The histogram is still flat but this often happens before a stronger push starts. These signs fit well with the tight accumulation in the chart which hints that the market is building strength under the surface.
Order flow also supports the bullish view. Taker Buy CVD has been rising. This means buyers in the futures market are absorbing sell pressure instead of backing away. When sellers try to push price down the buyers step in and keep it inside the range. This kind of steady demand is a healthy sign and it often comes before a bigger move. Whale buying plus a rising CVD can mean big holders are preparing for a shift in trend.
On chain activity is also improving. Solana DEX volume reached almost three point eight billion dollars in the last day and more than twenty four billion dollars in the last week. This growth shows more real activity on chain rather than just speculative leverage. DEX trading makes up more than sixteen percent of all activity which means more users choose non custodial trading. This points to a strong base of organic demand.
Liquidation data shows sellers are struggling. Almost three hundred thousand dollars in short positions were wiped out while long liquidations were much smaller. Many traders are still trying to short around one hundred thirty eight but the range bottom keeps holding. Because these breakdown attempts keep failing bearish momentum weakens further. Volatility is tight but the pattern favors buyers.
Putting all of this together Solana is building a strong case for a bullish reversal. Whales are adding supply to long term wallets. Momentum indicators are turning up. Buyers are stronger in the order flow. DEX activity is rising. Shorts are getting squeezed. The final step is a clean break above one hundred forty five. If buyers push through this level with strong volume Solana could move from accumulation into a new markup phase.
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