Solana: Can a 17K SOL whale action help it break the $153 resistance?

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Solana: Can a 17K SOL whale action help it break the $153 resistance？

Sentiment surge: Are retail and smart money aligned？

Solanas sentiment has fluctuated recently, with a weighted sentiment reading of -0.47 on the 26th of April 2025. Despite this, crowd sentiment remained strong at 1.81, indicating ongoing optimism among retail investors.

Meanwhile, smart money sentiment stood at 0.88, showing more caution among institutional players. This difference in sentiment highlights the contrasting views of retail and institutional investors.

Retail investors are optimistic about Solanas future, while institutional players are more cautious due to the recent price dip. The mix of these sentiments may lead to short-term volatility, but the long-term outlook remains bullish.

Source: Santiment

Strong foundations: SOLs development activity remains solid

Source: Santiment

Social buzz: Solana dominates the crypto conversation

Source: Santiment

Technical price structure: SOL approaches key resistance at $153.65

At the time of writing, the coin was approaching a crucial resistance level at $153.65. Solana is forming a cup-and-handle pattern, which typically signals a potential breakout.

The MACD indicator showed a bullish divergence, with the MACD line above the signal line, further supporting the possibility of a breakout. If SOL manages to break through this resistance, the next target could be $180.

However, if Solana is rejected at this level, it may face a period of consolidation or a pullback. Traders are closely watching this resistance level, as breaking it could signal a strong bullish trend for Solana.