Solana at $150: A short-term risk, but why you should consider HODLing SOL
By: ambcrypto|2025/05/03 09:15:01
0
Share
Solana is flexing serious muscle this month, surging 15% and stealing the spotlight as a standout performer. SOL’s march toward $200 is looking less like speculation and more like structural progression . Solana’s [SOL] dry run to $95 on the 8th of April, following a sharp 64% quarterly drawdown, was a textbook case of aggressive “dip-buying”. In other words, an early signal that buyers were ready to step in at value zones. Fast forward to mid-Q2, and SOL has clawed its way back to price levels seen in early March, showing the market is now in a net profit state. Despite this rebound, a full-scale pullback has yet to materialize. Instead, price remains range-bound below the $150 overhead supply wall. Typically, this kind of sideways action, especially when profits are on the table, screams conviction. Market participants appear more inclined toward capturing future upside than realizing short-term gains. In this context, Solana’s behavioral resilience may be laying the foundation for a $200 breakout to emerge as the new base case. Resilience in the face of resistance Solana’s 15% weekly rally might hit a speed bump in the coming days. Why? First, SOL is charging toward the $150 supply wall, a critical liquidity resistance area. Typically, when assets get close to a ceiling, portfolio reshuffles and profit-taking are par for the course. And the data backs it up. SOPR (Spent Output Profit Ratio) remains elevated above 1 , indicating that market participants are realizing profits. Concurrently, NRPL (Net Realized Profit and Loss) turned green following SOL’s breakout above the $130 resistance level on the 12th of April, showing that the market is now, on average, in the money. Source: Glassnode Meanwhile, Pump.fun is back in the mix, sending another 105,233 SOL ($591 million at an average price of $185) to Kraken. Of this, 264,373 SOL has already been executed in spot sales around the $158 level, netting approximately $41.64 million in USDC. Yet, despite elevated realized profits and systematic offloading by a major entity , Solana’s price structure remains stable. This implies underlying bid support and suggests ongoing distribution is being absorbed efficiently. Hence, a signal of structural bullishness. How market psychology is powering Solana’s long-term case Despite the short-term dip, Solana’s long-term potential makes its current valuation an attractive dip-buying opportunity. Market participants are validating this outlook. On the 2nd of May, three newly created wallets withdrew 145,000 SOL for $21.8 million from Kraken, with an average entry price around $150. This suggests the influx of fresh capital into the network, signaling potential FOMO-driven accumulation. Interestingly, long-term holders are also active in this phase. Solana’s HODLer Net Position Change has shifted to positive territory following a major distribution phase during SOL’s 65% quarterly correction to $95. Source: Glassnode The positive shift in HODLer Net Position Change, paired with accumulation near the $150 level, reflects growing conviction among long-term holders. It’s a sign the market sees current prices not as a ceiling—but a launchpad. This behavior acts as a psychological springboard, reinforcing the $200 breakout as a base case scenario. Put simply, the recent dip looks less like a reversal and more like a strategic entry point for investors chasing long-term alpha. Share Share Tweet
You may also like
Controversy Surrounding Huawei's Prodigy Li Bojie and His DeepSeek Interview Experience Amid Web3 Investor Backlash
SemiAnalysis: Anthropic's Q3 Profit Expected to Exceed $1 Billion
Anthropic is quietly disrupting the AI commercial landscape. With the explosive popularity of Claude Code, its ARR has surged from $9 billion to over $60 billion in a single quarter, with API business gross margins exceeding 80% and net revenue retention rates reaching 500%. Research firm SemiAnalys...
From 'Never Sell Bitcoin' to Active Management: How is Strategy Coping with $1.26 Billion Annual Dividend Pressure?
Leverage Products Trigger Major Changes in Stock Market: How Did the South Korean Market Become a 'Casino'?
Bernstein Analysis: Memory Prices Are Still Rising, But Phones and PCs Can't Keep Up
Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity
Upcoming Auction of Token FOLD: What is The Interfold Supported by Vitalik?
The Demystification of AI Collaboration Tools: Is Organizing Reports and Checking Spreadsheets the Most Common Scenario?
Goldman Sachs Trading Desk: The Sell-off of Momentum Stocks in the U.S. is Fierce, Unseen Since 2020! But No 'Panic' Yet, Retail Investors are the Biggest Support
Collateral USD: How does the "second layer dollar" above stablecoins form?
Under the reference framework of the offshore dollar system, once stablecoins are incorporated into the collateral financing chain, it may give rise to a new type of dollar debt based on them—“collateralized dollars.” Whether this layer of debt can be established and whether it is stable depends on ...
How has the Pacific "fever" turned extreme weather into a cash machine for Wall Street?
The extreme weather caused by El Niño is sweeping through the commodity markets, becoming not only a "weather code" for quantitative funds and traders to frantically profit from, but also quietly driving up global food prices and the cost of living for ordinary people.
Trade Spot Market Orders With More Control: WEEX Adds Slippage Tolerance
WEEX Spot now supports Slippage tolerance for market orders, helping users set a maximum acceptable price deviation before placing a market buy or sell order
Morning Report | One week after the full implementation of the EU MiCA, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications; Microsoft lays off 4,800 employees, with Xbox accounting for about 3,200 of the...
July 7 Market Important Events Overview
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
How has Binance's stock business performed in the 30 days since its launch?
Emerging market buying supported the first wave of demand.
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Founder of Baixing.com: I believe half of the statement that large language models devour everything
The internet has been shouting for so many years about devouring everything. Has it really devoured everything now? Is it the internet that devours everything, or is it the large models that devour everything? Both are devouring, and nothing is left?
Controversy Surrounding Huawei's Prodigy Li Bojie and His DeepSeek Interview Experience Amid Web3 Investor Backlash
SemiAnalysis: Anthropic's Q3 Profit Expected to Exceed $1 Billion
Anthropic is quietly disrupting the AI commercial landscape. With the explosive popularity of Claude Code, its ARR has surged from $9 billion to over $60 billion in a single quarter, with API business gross margins exceeding 80% and net revenue retention rates reaching 500%. Research firm SemiAnalys...
From 'Never Sell Bitcoin' to Active Management: How is Strategy Coping with $1.26 Billion Annual Dividend Pressure?
Leverage Products Trigger Major Changes in Stock Market: How Did the South Korean Market Become a 'Casino'?
Bernstein Analysis: Memory Prices Are Still Rising, But Phones and PCs Can't Keep Up
Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com


