Whale Activity Shakes Solana—Can SOL Still Rally to $160?

Solana's price action just got interesting—again. Whale movements are stirring the waters, leaving traders wondering if SOL's climb to $160 is still in play.

Market watchers eye large transactions—some call it strategic accumulation, others see profit-taking theatrics. Either way, volatility’s back on the menu.

Technical charts show SOL clinging to key support. Break below? Bears might feast. Hold? Bulls could charge toward that $160 target—because in crypto, hope springs eternal (until the next dump).

Funny how 'whale alerts' always drop right after you FOMO in. Almost like clockwork—or manipulation. But hey, that’s decentralized finance for you.

Are dormant coins waking up?

In parallel, solana registered its third-highest Coin Days Destroyed (CDD) spike of 2025, hitting 3.55 billion.

Only the 26th of February and the 3rd of March had higher readings. Such a spike shows that long-held, dormant SOL tokens are now in motion. 

Typically, this type of activity suggests strategic repositioning by large, inactive holders.

As a result, this could be early evidence of a market transition, either into a broader profit-taking wave or a structural shift. 

If these dormant coins head toward exchanges, downward pressure may rise. 

Source: Glassnode

Are overconfident bulls risking a shakeout?

Data from Binance showed 75.89% of traders are in long positions, with the Long/Short Ratio of 3.15. This heavily skewed positioning suggests overconfidence from bullish traders. 

Additionally, recent liquidations total $1.73 million for shorts versus only $96,000 for longs. This imbalance indicates a short squeeze, pushing prices upward. 

However, such asymmetry can lead to a sudden reversal if momentum fades.

Source: CoinGlass

Is SOL’s trend breaking down technically?

Despite a recent bounce, SOL traded at $148.71 — below both its 9-day and 21-day moving averages, which stood at $154.91 and $165.31, respectively.

The Relative Strength Index (RSI) hovered at 36.84, nearing the oversold zone and confirming weakened momentum. 

Unless bulls reclaim these key moving averages, the current structure favors sellers. Moreover, the bearish crossover on the MA adds weight to downside risks. 

Therefore, despite recent whale staking, the broader technicals remain weak and demand a cautious approach for any upside targets.

Source: TradingView

Open Interest on Solana Futures has dropped by 4.26%, settling at $380.16 million. This decline reflects a reduction in Leveraged positions as traders become more cautious. 

Combined with the aggressive long bias, the drop in Open Interest signals potential uncertainty. Traders may be locking in profits or anticipating a near-term pullback.

Will $148–$155 cap SOL’s recovery?

The Binance Liquidation Heatmap revealed dense resistance zones between $148 and $155, marked by thick liquidation clusters. 

These levels have already begun to act as roadblocks during the recent price bounce. Unless Solana breaks through this wall of trapped liquidity, upward movement may stall. 

Therefore, traders should closely monitor these areas, as failure to clear them could trigger cascading liquidations from overleveraged longs.

If bulls manage a strong breakout above $155, the next leg up could come quickly. 

Source: CoinGlass

Despite heavy whale staking and bullish positioning, technical indicators and resistance levels suggest caution. The large CDD spike implies repositioning rather than pure accumulation. 

While some metrics suggest bullish intent, resistance bands, falling Open Interest, and fragile technicals urge caution. Traders should watch $155 closely — it’s either the launchpad or the lid.