Solana at $140 as Bulls Reclaim Momentum Amid Supply Crunch and Quantum Security Developments
Solana (SOL) has made a great comeback, rising above $140 and gaining more than 11% in the last 24 hours. The rally happened after the
Quick overview
- Solana has rebounded above $140, gaining over 11% in the last 24 hours after briefly dropping below $130.
- On-chain metrics indicate strong accumulation, with significant USDC inflows and SOL outflows suggesting bullish sentiment among large holders.
- Technical analysis shows cautious optimism, with key support levels at $130-$135 and resistance at $145-$150, while futures activity remains low.
- The network's fundamentals are robust, with high transaction speeds and low fees, alongside a recent patent for quantum security enhancing its ecosystem.
Solana SOL/USD has made a great comeback, rising above $140 and gaining more than 11% in the last 24 hours. The rally happened after the token dropped below $130 for a short time, hitting a low of $123, before bulls came in to protect important support levels. Right now, SOL is trading at $140.25, which is a big jump from recent lows but still way behind its peak of $295.83 in 2025.
Solana’s On-Chain Metrics Signal Powerful Supply-Side Shift
Recent price movements are supported by stunning on-chain dynamics that suggest accumulating is happening underneath the surface. CryptoQuant data shows that Binance had a huge liquidity divergence last week. USDC imports rose to $2.12 billion, while SOL outflows rose to $1.11 billion. This textbook bullish structure shows that big holders of stablecoins are getting ready to buy in, while native token outflows make it easier for exchanges to sell.
Glassnode’s cost basis distribution heatmap shows that over 17.8 million SOL were bought at a cost basis of $142, while another 16 million SOL were bought at a cost basis of $135. This is more proof of the supply shortage. These clusters are now important support and resistance zones on the blockchain. SOL needs to forcefully retake the $135 and $142 levels for the rally to gain traction. This will turn recent buyers into solid fundamental support.
SOL/USD Technical Analysis Points to Cautious Optimism
From a technical point of view, Solana’s RSI has bounced back from being too low at 35 to 52, and the MACD has turned positive for the first time in months. The token is still stuck in a declining resistance channel that has been in place since March 2025. The $150–$160 zone has been a major barrier to every rally effort this year.
The $130–$135 range is a strong support level, and the $120 level is a key floor for keeping things stable in the middle of the term. If prices stay above $145–$150 for a long time, they could go up to $175. But if they can’t hold support, they could go back down to $120 and maybe even the 0.786 Fibonacci retracement level near $75.
SOL Futures Activity Lags Despite Spot Strength
Even while spot mechanics are getting better, derivatives markets are telling a more cautious tale. The volume of SOL futures fell by 3%, while the volume of Bitcoin and Ethereum rose by 43% and 24%, respectively. This imbalance shows that traders are still on the sidelines, which means that stablecoins are bringing money into the ecosystem, but actual trading is not happening.
Also, relative unrealized profit has dropped back to where it was in October 2023, when SOL was trading near $20. This means that the market as a whole has reset its profitability. In the past, these kinds of resets have come before greater recovery cycles, but they need traders to get back in the game to turn positioning into upward momentum.
Network Fundamentals Remain Robust
Despite price fluctuations, Solana’s operational metrics are getting better. The network handles about 1,100 transactions every second, block confirmations take less than 400 milliseconds, and it has been up for more than 99.9% of the time since mid-2024. Average transaction fees stay around $0.00025, which is a huge difference from Ethereum’s $2.50 average. This gives Solana a big edge for applications that need to happen quickly.
The ecosystem is still strong, with $5.4 billion in DeFi total value locked up in protocols like Jupiter, MarginFi, and Raydium. The NFT market is worth more than $1.2 billion, and there are more than 350 active dApps that bring in more than 1.3 million monthly active addresses.
Quantum Security Patent Adds Fundamental Support
Quantum Inc. has filed a U.S. patent for its Quantum DeFi Wrapper technology, which is a big step forward for the ecosystem. The technology is meant to make decentralized finance apps on Solana safer against new threats from quantum computers. As quantum computing gets better, this new idea solves a major long-term problem for blockchain networks.
Solana Price Forecast: Breakout or Breakdown?
Solana is at a very important point in its future. To confirm a trend reversal, bulls need to set strong support above $135 and break through resistance at $145–$150. If things go well, SOL could reach $175 in the near future. But if the $130 support level doesn’t hold, the price will probably drop down to $120, and if the market becomes worse, it might drop even further below $100.
A positive background is created by strong on-chain accumulation indications, improving technical indicators, and strong network fundamentals. But because futures activity is low and critical resistance levels need to be reclaimed, the road higher is still unclear. Traders should look for a sustained rise in volume and a clear closing over $145 as signs that the next leg up is coming.
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