The on-chain data is clear: $SOL ’s recovery is driven by real demand, not just FOMO.
🔎 Key highlights
Active addresses: +56% WoW → 27.1M
Weekly transactions: 515M+
Strong demand zone: $119.8 – $135.5
Current price: around $142, forming higher lows
📈 Structure & momentum
$SOL has broken out of a multi-month downtrend
Reclaimed $135.5 – $147.1 and turned it into support
MACD bullish crossover, positive histogram → selling pressure fading
🐳 Derivatives & liquidity
Binance top traders: 76% long (L/S = 3.17) → confidence without overcrowding
Liquidation map: heavy shorts above $153 → $200+, thin longs below $135 → upside squeeze potential
🎯 Scenarios
Hold $135.5 → $147 becomes a realistic next target
Lose $135.5 → downside risk back to $119.8
👉 Conclusion: On-chain, technicals, and derivatives are aligned to the upside.
$SOL is building a base for its next move. Which side are you on? 👀
#solana #sol #Onchain
