TLDR:
- Solana wallets with 0.1+ sun reach 11.44 m, which marks a new user top.
- Solar price tests $ 148 Support Zone after withdrawing from $ 167 heights.
- RSI is approaching 48 and shows weakening speed in Solana’s price development.
- Analysts see an outbreak or division from the current range as volatility decreases.
The number of solar Wallets that hold at least 0.1 sun have reached a new highest time. While this metric signals that grows adoption, the price of sun tests a crucial support zone.
Traders look closely at the $ 148 area, as a recovery or division can define the next move. Despite rising wallet activity, the price has shown weakness close to resistance. Market players are now waiting for confirmation of a trend direction in the midst of decreasing price range.
Solana adoption grows when wallets grow over 11.44 million
According to data shared by Crypto inside, over 11.44 million wallets now have more than 0.1 sun. This milestone represents an increase in user engagement on the Solana blockchain.
📈 #Solar The number of wallets holding over 0.1 sun has hit a new highest time and exceeded 11.44 million. pic.twitter.com/xcbmtulzkr
– Cryptocurrency inside (@crypto_inside_) July 1, 2025
The activity has been climbed since the end of June, probably driven by new NFT projects and developer expansion on the ecosystem.
The rising wallet bill proposes increasing interest from both retail and institutional users. These measurement values ​​provide insight into network growth even as market vollatility continues. Analysts say this metric often reflects user confidence and Long -term accumulation patterns.
The sun price is floating at key technical level
At the time of writing, Solana shopping to $ 148.98after a recently recalled from heights close to $ 167.
Veteran Trader Matthew Dixon pointed to a horizontal support zone between $ 148 and $ 149 and called it a make-or-break level. The zone is in line with Wave 4 retail level in Elliott Wave analysis.
Dixons Diagrams show the price may have completed a five -wave movement. If the support holds, bulls can regain control and drive against previous heights. However, a failure at this level opens the door to a deeper retracing to $ 135 to the $ 126 zone.
I already had the red line marked as key #Solar support. As long as this applies, we can recover higher but if they are probably much lower.
The line therefore acts as a perfect risk reward barrier for trading in either direction depending on either a hausse or baisse -like posture. pic.twitter.com/f7v5potvhi– Matthew Dixon – Veteran Financial Trader (@mdtrade) July 1, 2025
Solana RSI weakened as the market is waiting for direction
The Relative strength index (RSI) has dropped from over -purchase levels and is now close to 48. A further reduction below 40 may increase sales pressure. Analysts note that RSI shows early signs of weakening speed when the traders reconsider positions.
This coincides with a wider cooling in the Altcoin market. Solana’s RSI readings indicate that buyers may lose strength after the latest rally.
A post from traders most angry bull described Sol’s current installation as a wide consolidation. The price continues to reject the range and remains in a stricter structure. While bulls tried to squeeze higher, faded momentum near resistance.
This ongoing range offers clear levels for traders. A clean break over the resistance or under support can lead to the next big move. Until then, the market participants are likely to remain cautious and tied.
