Fun

Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst

News Feed - 2025-05-14 03:05:25

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Solana has rallied more than 22% since last Thursday, riding the wave of renewed bullish momentum across the broader crypto market. As Bitcoin pushes toward all-time highs and Ethereum breaks key resistance levels, Solana has followed suit with impressive strength. The price surged to a local high of $181 before encountering resistance, where it now consolidates just below that mark, searching for support to fuel the next leg higher. Related Reading Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next? 1 day ago


While price action cools at a pivotal level, on-chain data shows significant growth in Solana’s user base. According to Glassnode, the number of wallets holding 0.1 SOL or more has surged to 11.04 million in the past two weeks. This rapid increase in smallholder wallets points to a rising wave of adoption and network participation, particularly as interest in altcoins intensifies.


Solana’s consolidation just under $181 may act as a healthy pause before a continuation if bullish momentum persists. With the market heating up and retail interest returning, the current price structure could offer the foundation for a strong breakout in the coming sessions. The combination of price performance and rising user engagement suggests Solana may be positioning for a larger role in the next phase of the bull cycle. Solana Holds Key Support As Wallet Growth Signals Optimism


Solana is now facing a crucial test as it consolidates just below the $181 resistance zone. After a sharp 22% rally over the past week, bulls must defend current levels to validate the uptrend and sustain momentum. Holding above the $170–$175 support range would confirm strength and could pave the way for a renewed push toward the $200 level. However, the path forward isn’t without risk. The broader macroeconomic environment remains fragile, with persistent fears of a global slowdown and continued uncertainty around inflation and interest rate policy.


Despite these headwinds, the crypto market is staging a powerful recovery, and Solana is among the top performers. This rally may be more than just a short-term bounce—it could mark the early stages of a larger bullish phase with significant upside potential. Investor sentiment is improving, and so is user engagement across key ecosystems.


Top analyst Ali Martinez shared compelling on-chain data that reinforces this perspective. According to Glassnode, the number of wallets holding 0.1 SOL or more has surged to 11.04 million over the last two weeks. This rapid growth in smaller holders suggests growing retail interest and a widening user base—critical indicators for long-term strength. Solana number of addresses with balance > 0.1 | Source: Ali Martinez on X


If bulls can maintain control at current levels and macro conditions don’t worsen, Solana could be poised for a major move. The combination of technical momentum and on-chain engagement provides a strong foundation for the next leg higher. All eyes are now on whether the $181 resistance breaks—or if Solana needs more time to build strength before the next phase of the rally begins. Related Reading Ethereum Recovery Gains Strength: Massive Comeback Above Key Support 1 day ago Solana Faces Resistance As Price Pulls Back To Retest Support


Solana (SOL) is consolidating just below the $181 level after a strong 22% rally from last week. As shown in the chart, price action surged above both the 200-day EMA ($161.88) and 200-day SMA ($181.11), signaling renewed bullish momentum. However, the current pullback from $180 to around $173.48 shows that the $181 level is acting as a key resistance, which has previously served as a rejection zone multiple times in the past. SOL consolidates below 200-day SMA | Source: SOLUSDT chart on TradingView


Volume remains healthy, and the recent move shows strong market participation, but bulls now need to hold the $170–$172 range to maintain control. A successful retest of this area as support could set the stage for a breakout above $181. Failing to hold above this zone, however, could trigger a correction back to the $160–$165 region, near the 200 EMA. Related Reading HYPE Bulls Regain Control After Sharp Recovery – Approaching Yearly Highs? 2 days ago


Technically, SOL is attempting to break a multi-month downtrend and is forming a higher high structure for the first time since late December. The convergence of the moving averages suggests a pivotal moment. If buyers step in with conviction, a move toward $200 becomes likely. Until then, traders will closely watch the $181 level for a decisive breakout or rejection.


Featured image from Dall-E, chart from TradingView

News Feed

Biggest Movers: LINK Nears 2-Week High, SOL Extends Recent Gains
Biggest Movers: LINK Nears 2-Week High, SOL Extends Recent Gains Chainlink rallied to a 12-day high earlier in today’s session, as the token neared the $7.00 level. The move come
Gareth Jenkinson14 hours agoSBF’s Alameda minted $38B USDT to profit off arbitrage trading: Coinbase directorCoinbase director Conor Grogan has flagged on chain data that highlights massive USDT mints ordered by Sam Ba
SEC busts CryptoFX for running $300M Ponzi scheme
Arijit Sarkar2 hours agoSEC busts CryptoFX for running $300M Ponzi schemeAccording to the SEC, CryptoFX allegedly targeted crypto investors from the Latino community across 10 U.S. states and two foreign countries.931 To
SEC’s Gary Gensler gets irked being asked about crypto
Jesse Coghlan6 hours agoSEC’s Gary Gensler gets irked being asked about cryptoSEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the over
Helen Partz12 hours ago11th anniversary of Bitcoin’s first halving: From $12 to $37,000Bitcoin experienced its first-ever halving 11 years ago today, and since then, it has soared from $12 to its current price of $37,0
TRON, Stellar Join Mousebelt’s Blockchain Education Alliance to Train Student Developers
Crypto firms need young developers, university students need jobs and a new alliance of blockchain educators wants to give both a hand. The Blockchain Education Alliance will addres
Indian Government Engages RBI to Discuss Cryptocurrency Regulation
Indian Government Engages RBI to Discuss Cryptocurrency Regulation The government of India is reportedly discussing a regulatory framework for cryptocurrencies with the central b
Zero-knowledge Manta Network launches $50M ecosystem fund
Zhiyuan Sun11 hours agoZero-knowledge Manta Network launches $50M ecosystem fundEarly-stage projects building on Manta Network can receive up to $50,000 in grants.483 Total views1 Total sharesListen to article 0:00NewsOw
XRP Risks Falling To $1.25 Without Critical Price Break – Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs
Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to repo
Bitcoin sell-side risk hits 2024 low just $10K from BTC price record
William Suberg9 hours agoBitcoin sell-side risk hits 2024 low just $10K from BTC price recordBitcoin sellers are not rushing to distribute coins at current BTC price levels — even as hodler cohorts return to net profit
CPCoin (CPC) Is Now Available for Trading on LBank Exchange
CPCoin (CPC) Is Now Available for Trading on LBank Exchange press release PRESS RELEASE. INTERNET CITY, DUBAI, Jan 19, 2023 – LBank Exchange, a global digital asset trading p