Solana Price Prediction: Ichimoku Cloud Breakout Signals Bullish Momentum Toward $160
The post Solana Price Prediction: Ichimoku Cloud Breakout Signals Bullish Momentum Toward $160 appeared on BitcoinEthereumNews.com.
SOL Eyes $160 Breakout as Whale Stakes, Cloud Breakout, and Strong Fundamentals Drive Bullish Momentum. After a steady recovery from April’s dip, Solana is beginning to carve out a tighter range just below the $160 mark, a zone that’s becoming increasingly important for both bulls and bears. The recent breakout above the Ichimoku Cloud and sustained strength above $150 is keeping the momentum alive. With fundamentals continuing to stack up and whale staking activity adding confidence, this is the time to be optimistic. Whale Stakes Massive in Solana A massive move just lit up Solana’s on-chain radar, as a whale staked over $28.7 million worth of $SOL, as first highlighted by Crypto Rover. That’s nearly 194,000 SOL locked in a single go. It’s the kind of move you don’t see every day, and it’s a pretty clear signal that some big players aren’t just watching from the sidelines but betting on Solana’s long game. Solana whale stakes nearly 194,000 SOL, signaling deep conviction in the network’s long-term potential. Source: Crypto Rover via X In a market that’s still feeling out its next big direction, this kind of quiet whale action slides towards a bullish behavior. When large holders commit to locking their assets, it often reflects stronger conviction in the project’s stability, upcoming catalysts, or expected network growth. SOL Tops Revenue Charts in Q1: Fundamentals Building The Hype While whales are busy locking in millions of dollars worth of $SOL, Solana is quietly outperforming the competition where it really counts, on the revenue front. According to fresh data from Glassnode, Solana outpaced every other chain in protocol revenue for Q1 2025. In a quarter dominated by memecoin noise, Solana’s fundamentals stood tall, hinting that under the surface, user activity and monetization are gaining serious traction. Solana tops protocol revenue charts…
Filed under: News - @ May 4, 2025 7:22 am