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Solana shows 3 bullish signs - How will these factors help SOL?

Solana shows 3 bullish signs - How will these factors help SOL? WikiBit 2025-04-20 22:14

Solana whale accumulation and DeFi momentum support a bullish breakout if $144 is breached. Negative SOL Funding Rate shows short bias, increasing the

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Solana shows 3 bullish signs – How will these factors help SOL

Wallets holding over 10,000 SOL rose by 1.53%, climbing from 4,943 to 5,019. At press time, SOL traded at $139.29, marking a modest 0.57% uptick.

Source: X

Is the cup and handle pattern preparing for liftoff?

Source: TradingView

Are traders underestimating Solanas momentum?

Of course, such negative funding often stems from disbelief in the rally or attempts to fade recent gains. But when paired with strong spot accumulation, this imbalance can set the stage for a short squeeze.

Source: CoinGlass

Do inflows hint at a spot-driven breakout?

Source: Coinglass

Can DeFi growth reinforce SOLs breakout potential?

Moreover, Solanas DeFi activity backed the bullish case. The networks Total Value Locked (TVL) rose by 3.11% in just 24 hours, pushing above $9.018 billion.

Source: DefiLlama

Will whales and DeFi momentum carry SOL higher?

Put together—rising whale holdings, solid spot inflows, and revived DeFi activity—Solanas structure appeared increasingly favorable.

While Funding Rates still flagged hesitation, they may serve as the perfect contrarian indicator.

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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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